Jul 22, 2022
In their Employee Benefits July Newsletter, Brown & Brown Inc. provided important guidance on a number of issues, most notably:
IRS Raises Mileage Rates for Second Half of 2022:
The IRS has made a midyear adjustment to the optional mileage rate used to calculate the deductible costs of operating an automobile for business and other specific purposes. The agency stated the change is due to the recent increases in gasoline prices. Read more.
PCORI Fee Reminder:
The next deadline for the Patient-Centered Outcomes Research Institute (PCORI) Fee for self-insured health plans is August 1, 2022. The PCORI fee due August 1, 2022 is applicable for plan years ending in 2021. Plan sponsors of self-insured health plans are required to report their covered lives (and pay the applicable fee based on their plan year) on IRS Form 720 for the second quarter of 2022. Read more.
Congress has designated the new 9-8-8 code to be used as a quick number that connects people who are suicidal or in a mental health crisis to the Suicide & Crisis Hotline. Not only can an individual dial this number in times of need but individuals can also text this hotline for assistance. Read more.
Updated Guidance on FMLA Leave for Mental Health Conditions:
A new Family and Medical Leave Act fact sheet suggests that up to 40 million adult Americans who suffer from anxiety may be eligible for 12 weeks of unpaid, job protected, intermittent, leave under the FMLA every year. An eligible employee may take FMLA leave for their own serious health condition, or to care for a spouse, child, or parent because of a serious health condition. A serious health condition can include a mental health condition. Read more.
NYSTIA member Mike Mastroleo is happy to connect with anyone who has questions or may need guidance with Employee Benefits.
Contact Mike with your needs or questions:
Employee Benefits Consultant
Office: 315 671 8882 Cell: 315 430 2147
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