Archive by tag: Transportation BenefitsReturn
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Late Friday, President Trump signed the Further Consolidated Appropriations Act (“Act”), 2020 (H.R. 1865) which includes many provisions, most notably the repeal of the Cadillac Tax. The Cadillac Tax was a provision included in the Affordable Care Act which imposed a tax on health plans if the value of the employer-sponsored health coverage exceeded a specified threshold. Employers sponsoring plans that risked surpassing that threshold would likely have cut their benefits to avoid the Cadillac...
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Categories: Health Care Reform, Compliance | Tags: Further Consolidated Appropriations Act , Cadillac Tax , Repeal , Transportation Benefits , H.R. 1865
Annually, the limits for various benefits, including qualified small employer health reimbursement arrangements (QSEHRA) and transportation benefits are increased based on inflation measured by the Consumer Price Index (CPI), for the 12-month period ending August 31st. The August 2019 CPI was released this week and Thomson Reuters has reported on projected inflation adjustments for 2020 health, charitable, compliance and other specialty items.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: Transportation Benefits , Transit , Parking , QSEHRA , CPI-U , Plan Limits , Inflation

2013 Transportation Benefits - Update

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Good news! The American Taxpayer Relief Act (ATRA) provides parity for 2013 between qualified parking and transit passes.
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Categories: Benefits in General | Tags: Transportation Benefits

2013 Transportation Benefits

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The 2013 monthly maximum pre-tax transportation benefits are unchanged from 2012:
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Categories: Benefits in General, Compliance | Tags: Transportation Benefits