Author: Created: 8/11/2011 1:36 PM RssIcon
Compliance Buzz will include comprehensive and practical updates on legislative, regulatory and court developments affecting employee benefit plans. The blog will also contain coverage on issues that impact benefits in general, and in particular, health care reform.
By Compliance on 1/19/2015 1:34 PM

Last Friday (1/16/15), the Supreme Court agreed to decide the constitutionality of same sex marriage in all 50 states and the District of Columbia. Oral arguments will likely be heard in late-April with a decision expected no later than when the court recesses at the end of June.

By Compliance on 1/15/2015 4:42 PM

President Obama signed a bill on Monday that re-established the National Association of Registered Agents and Brokers. 



This legislation moves brokers one step closer to obtaining licenses with significantly less geographic restraints. 

By Compliance on 1/7/2015 4:11 PM

INFORMATION HAS BEEN ADDED TO THIS ARTICLE TO REFLECT THAT THE HOUSE PASSED THE BILL IN A VOTE OF 252-171 ON THURSDAY, JANUARY 8TH.

Representative Todd Young (R-Ind) introduced H.R. 30, along with 147 cosponsors, to increase the definition of a full time employee from 30 hours per week or more to 40 hours per week or more as it relates to the Play or Pay provisions of Health Care Reform. The House will vote on the Bill later this week.

A similar bill is expected to be introduced in the Senate.

The White House issued a statement that the bill would be vetoed if passed.

By Compliance on 12/31/2014 2:37 PM

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.

However, the Bill stands little chance of being enacted.

By Compliance on 12/30/2014 9:15 AM

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.

By Compliance on 12/18/2014 12:10 PM

INFORMATION IN THIS ARTICLE HAS BEEN UPDATED TO REFLECT THAT PRESIDENT OBAMA SIGNED THE RETROACTIVE TAX BILL INTO LAW ON DECEMBER 19, 2014.

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 signed the bill December 19,2014.

Employers that offer Transportation Plans will need to be prepared to adjust the wages for employees that chose the Transit Benefit in 2014 for the months they exceeded the $130 limit to reflect an increase in the pre-tax amount available to them up to $250.

By Compliance on 12/12/2014 9:22 AM

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?

 

The short answer is the employee, spouse, eligible children and dependents are eligible for tax-free medical care reimbursement from the health FSA. But, with recent changes in regulation, who qualifies as a spouse, eligible child or dependent?

By Compliance on 12/11/2014 10:11 AM

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

By Compliance on 12/9/2014 4:43 PM

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.

By Compliance on 12/8/2014 4:16 PM

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.

Although the House passed the Tax Increase Prevention Act of 2014 (H.R. 5771), the Senate still must act to pass the legislation and the president would need to sign the bill to enact the provision. With the end of the tax year fast approaching, there may not be enough time for the process to be completed in time.


Getting Started with RSS Feeds


Use an RSS Reader application or the latest versions of Internet Explorer or Firefox to subscribe to our news feeds. You'll need a news reader extension like "RSS Feed Reader Extension" if you use Google Chrome.

Use the following, if your RSS Reader application asks for a URL link.

For News Center:
http://www.ebcflex.com/NewsCenter/tabid/113/rssid/6/Default.aspx

For Compliance Buzz:
http://www.ebcflex.com/NewsCenter/ComplianceBuzz/tabid/84/rssid/4/Default.aspx


Search

Search

Recent Entries From Around Our Site

Disclaimer

This Blog is made available by the authors and Employee Benefits Corporation for educational and general informational purposes only, not to provide legal advice. By using this Blog you understand that there is no attorney/client relationship between you and the Blog author.
Spotlight Newsletter