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Representatives Charles Boustany, Republican from Louisiana, and Mike Thompson, Democrat from California, introduced H.R. 5860 to allow small employers with 49 or fewer employees to provide reimbursement or payment of their employee’s individual medical plan premiums on a pre-tax basis.
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New SBC Format Proposed for 2015

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Joint guidance from the Treasury Department, IRS and Department of Health and Human Services provides proposed changes to the format and glossary of terms for the summary of benefits and coverage (SBC) that health plans are to provide to individuals for the first open enrollment period or plan year beginning on or after September 1, 2015.
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Out of Pocket Limits for 2015 Confusing

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The maximum out of pocket (OOP) limit for a high deductible health plan (HDHP) will be less than the maximum OOP for an ACA compliant health plan in 2015. Employers and brokers need to be careful when designing and purchasing plans in 2015 to avoid confusion and possible tax consequences.
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Senate Oks Retroactive Transit Benefit Increase

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The Senate has approved a bill that the House of Representatives approved earlier to increase the monthly pre-tax transit benefit to $250 from the current $130 limit retroactive to January 1, 2014. President Obama is expected to sign the bill soon.
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Individuals Eligible for Health FSA Reimbursement

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With a new year fast approaching, individuals that participate in a health flexible spending account (FSA) may ask, who is eligible to receive tax-free reimbursement of medical expenses from their health FSA?
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Medical Mileage Rate for 2015 Announced

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The IRS has announced that the medical mileage rate for 2015 will be $.23 per mile, down ½ cent from 2013.
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House Oks Retroactive Transit Benefit Increase

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Last Wednesday, the House of Representatives approved a bill to increase the monthly pre-tax transit benefit to $250 from the current $130 limit retroactive to January 1, 2014. However, the bill would expire at the end of 2014, thus returning the maximum pre-tax transit benefit to $130.
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2016 TR Fee Proposed

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The Department of Health and Human Services has proposed a Transitional Reinsurance Fee (TR Fee) of $27 per covered life for calendar year 2016.
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