Consolidated Appropriations Act: Employee Benefits Provisions
The Consolidated Appropriations Act, 2021 (CAA), which was signed into law on Dec. 27, 2020, includes a $900 billion coronavirus relief package that provides funding to individuals and businesses.
The CAA also includes many benefits and tax provisions affecting employers, group health plan sponsors, health benefits brokers and health insurance issuers. Some provisions are currently effective, while others begin on future dates.
This Compliance Overview summarizes the employee benefits provisions relating to tax-favored accounts, surprise medical billing, health plan transparency and mental health parity. It also includes various tax credits, exclusions and deductions that may be of interest to employers, along with a brief discussion of key retirement plan provisions.
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