ERIC Applauds Agencies for Taking Action to Expand COVID-19 Guidance for Employers and Employees

Washington, DC – The following statement should be attributed to Annette Guarisco Fildes, President and CEO of The ERISA Industry Committee (ERIC):

“The ERISA Industry Committee applauds the Departments of Treasury, Health and Human Services, and Labor for issuing the guidance ERIC requested clarifying that during the COVID-19 pandemic employers can extend a telehealth-only plan to employees or their dependents who are not eligible to participate in the employer’s health plans.

We also appreciate the IRS guidance that provides a safe harbor for calculating the one-year loan suspension period and expanding the definition of a qualified individual to include more COVID-related factors, like a reduction in hours or having a job offer rescinded or start date for a job delayed.

Today’s guidance will go a long way to help employers expand benefit offerings to their workforces while protecting those employees who have been directly impacted by the pandemic.”

###

All media inquiries to The ERISA Industry Committee should be directed to:

Kelly Broadway, 202.627.1918, kbroadway@eric.org

About the ERISA Industry Committee
ERIC is a national advocacy organization that exclusively represents large employers that provide health, retirement, paid leave, and other benefits to their nationwide workforces. With member companies that are leaders in every sector of the economy, ERIC advocates on the federal, state, and local levels for policies that promote flexibility and uniformity in the administration of their employee benefit plans.