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Transportation Plans

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Qualified transportation fringe benefit plans allow employers to provide employees with qualified parking, transit passes, vanpooling and bicycle commuter benefits on a tax-free basis.
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IRS Releases 2013 HSA and HDHP Limits

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On April 27, 2012, the IRS announced the 2013 inflation adjusted annual contribution limits for Health Savings Accounts (HSA) and the deductible amounts and out-of-pocket limits for the high deductible health plans (HDHP) to which HSAs are linked.
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Patient-Centered Outcomes Research Fee

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This month the IRS released proposed regulations implementing health care reform’s requirement that issuers of certain health insurance policies and plan sponsors of certain self-insured group health plans pay excise taxes (i.e., a Patient-Centered Outcomes Research (PCOR) fee, sometimes referred to as the Comparative Effectiveness Research (CER) fee) to fund the Patient-Centered Outcomes Research Institute.
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HIPAA Update

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Final HIPAA/HITECH rules are in sight! Last month, the rules reached the White House Office of Management and Budget (OMB), the final stop in the federal internal review process.
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Correcting Cafeteria Plan Election Mistakes

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An election for a cafeteria plan benefit can be corrected during the plan year in the context of a mistake if an employer can verify and confirm that a mistake was made in the election, either by the employer or employee.
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April is National Autism Awareness Month. Autism is a complex developmental disability that typically appears during the first three years of life and affects a person’s communication and social interaction abilities. The disorder occurs on a spectrum, in that it affects individuals differently and to varying degrees. The prevalence of autism has risen to 1 in every 110 births in the United States and almost 1 in 70 boys.
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IRS Health Care Reform Tax Provisions

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The IRS has provided a helpful list of tax provisions stemming from the Affordable Care Act – or health care reform – that are now in effect. The IRS will update this page as more provisions go into effect over the coming years.
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Supreme Court Sends Signals With Questioning

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On Monday, the Court heard arguments on whether the Anti-Injunction Act prevents the Court from considering the individual mandate provision until its actual effective date in 2014. The 145-year-old Act prevents federal courts from deciding cases in which taxpayers are trying to prevent the government from collecting taxes. The tax has to be actually due, and then the courts can hear the case.
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Senate Passes Parking – Mass Transit Parity

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On Wednesday, March 14th the Senate passed a bill (S. 1813) that authorizes Federal-aid highway and highway safety construction programs, and for other purposes, including a provision that restores parity for exclusion from income for employer-provided mass transit and parking benefits.
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SBC FAQs

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The Departments of Labor, Health and Human Services, and Treasury have issued a set of 24 FAQs on the summary of benefits and coverage (SBC) requirement under health care reform. The FAQs attempt to answer some of the questions raised to date.
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