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IRS Allows Health FSA Roll Over

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Code Section 125 cafeteria plans have always been subject to the Use-or-Lose rule requiring participants to forfeit dollars that were elected but not used by the end of the plan year for any of the flexible spending arrangements (FSAs) that they participated in.
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Categories: Benefits in General, Compliance | Tags:
The Department of Labor (DOL) issued Technical Release 2013-03 and the IRS produced Notice 2013-54 on September 13, 2013.
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Categories: Health Care Reform, Benefits in General, Compliance | Tags: Individual , Insurance , HRA , FSA
Due to the effect of several Health Care Reform provisions on the premium rates for health plans as they renew in 2014, many employers are renewing their health plans early, such as December 1, 2013, to take advantage of better rates that apply. By renewing early, the Health Care Reform provisions won’t apply until the health plan renews in late-2014.
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Categories: Health Care Reform, Benefits in General, Compliance | Tags: Early Renewal , COBRA

Early Renewal Poses Problems With COBRA

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With the impending implementation of several key Health Care Reform (aka Affordable Care Act) provisions as health plans renew on or after January 1, 2014, several insurance issuers and some employers are contemplating renewing the health insurance plan early – for example renewing the health plan on December 1, 2013 rather than renewing at the normal date of January 1, 2014. This early renewal may carry a better premium rate (i.e., lower renewal rate) than if the plan is renewed at its normal ...
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Categories: Health Care Reform, Benefits in General, Compliance | Tags:

Budget Compromise Deal Did Not Postpone ACA Fee

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As federal politicians worked to end the government shutdown, a clean continuing resolution (CR) was advanced by the Senate majority and Republican leaders that included a postponement for one year of the Affordable Care Act provision requiring most group health plans to pay a fee to fund a Temporary Reinsurance Program (TR fee) starting in 2014.
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Categories: Health Care Reform, Benefits in General, Compliance, Health Care in General | Tags:

Transit Benefits Could Decrease in 2014

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Employers that offer their employees a Code Section 132 Transportation Plan will want to keep tabs on the pre-tax transit benefit maximum as 2014 draws near.
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Categories: Benefits in General, Compliance | Tags:

Small Employer Premium Tax Credit Still Available

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Many small employers may have missed the boat on a premium tax credit that has been available since 2010 for the health insurance premiums they pay for their employees.
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Categories: Health Care Reform, Benefits in General, Compliance, Health Care in General | Tags:
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