By Bill Minick, chairman of PartnerSource

Employers in and out of Texas workers’ comp handle COVID-19 injury claims similarly, and may have related liability exposures. But the pace of innovation and performance continues much faster in the Texas injury benefit program environment, led by companies that employ unsung heroes we finally recognize. Read more.

Webinar Replay Available:

COVID-19 FAQs and Answers

Richard Johnson, J.D., executive vice president of PartnerSource, was joined in a recent webinar by Melissa Tonn, M.D., president and chief medical officer of OccMD, to discuss how the COVID-19 pandemic has impacted Texas work injury programs. With the pandemic requiring employers to adapt rapidly to a patchwork of ever-changing requirements, this webinar addresses issues like employee work status, medical provider access, benefit coverage and potential liability exposure. 

Did you miss it? Watch the replay above or click here

Have additional questions about the impacts of COVID-19 on your Texas injury benefit program? Email Richard Johnson.

Form 5500 Filing Due July 31st? 

Like most, your Texas Injury Benefit Plan may define the "plan year" as January 1 through December 31. If this is the case, your Form 5500 will be due on July 31, 2020 (the filing deadline is seven months after the end of the plan year). While the U.S. Government has extended some deadlines related to Employee Benefit Plans due to the COVID-19 national emergency, this does not apply to Form 5500 filing deadlines.  

Please note that possible penalties for late filings are substantial -- $2,063 per day past the due date. 

The U.S. Department of Labor (DOL), together with the Internal Revenue Service (IRS), offers the ability to file for an extension of time by using Form 5558 Application For Extension of Time to File Certain Employee Plan Returns. This form allows you to extend the filing deadline of your Form 5500 by up to 2 ½ months.

While the DOL requires that Form 5500 must be filed electronically through its eFAST web portal, the Form 5558 should be mailed, in hard copy form, to the IRS Center in Ogden, Utah. It must be postmarked before the original due date of the Form 5500 for it to be accepted. The DOL offers additional Form 5500 information here.

If you have any questions concerning the completion of either Form 5500 or Form 5558, please contact Kelly Jones. PartnerSource completes and supports the filing of Form 5500 for dozens of clients every year.

Guy Fraker on Innovation

Guy Fraker has 30 years within the insurance industry and is an innovation advisor, inventor and in-demand speaker as a principal of IE Advisory and former chief innovation officer for Insurance Thought Leadership. Guy spoke at the PartnerSource Employers’ Conference last October, sharing important thoughts on innovation.   

Minick Minute: Elevating Injured Employee Care 

Should we do things the way we’ve always done them? In this “Minick Minute,” Bill shares thoughts on elevating care for injured employees and restarting American business.  

Here is a link to the webinar Bill references on
employee advocacy - "Elevating Injured Employee Care"

Five Questions with Amber Labry

As executive support for Jennifer Hurless, PartnerSource president, Amber Labry provides that extra hand that keeps things moving smoothly. Her creativity and passion for the mission of PartnerSource also make her a great addition to the marketing team, where she uses her design and organization skills to help others understand how PartnerSource can benefit their employees and their business. Meet Amber.

Podcast on the “QCARE Designation: What it Means for Texas Injury Benefit Programs”

“Workers’ Comp Matters” podcast is hosted by Alan Pierce, one of the most respected and accomplished workers’ compensation claimant attorneys in the U.S.  Alan visits with Bill Minick, chairman of PartnerSource, about why Texas laws differ from the rest of the country and how the newly-developed QCARE designation is an important marker of responsibility for Texas injury benefit programs. Click here to listen to this insightful conversation.

Want to hear more from Bill?  Check out this recent Sedgwick Institute Live podcast on change and innovation in injured worker care.

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