In this edition: Health Coverage Tax Credit Measure Becomes Law
in this edition: Coverage of Preventive Services
In this edition: Embedded Self-only Annual Limitation on Cost Sharing
In this edition: IRS announces increased 2016 HSA index figures
In this edition: Excepted benefits HRAs: compliance with San Francisco’s health care security ordinance
In this edition: Guidance and transition relief for employer payment plans
In this edition: Application of Retroactive Increase to Transit Benefits
In this edition: Legislation Impacts Monthly Transit Limit for 2014
In this edition: IRS plan limits for 2015
In this edition: Final Rules for Excepted Benefits
In this edition: HIPAA Certificates of Creditable Coverage No Longer Required
In this edition: HPID Enforcement Suspended until Further Notice
In this edition: Three New Facts about Individual Insurance Reform
In this edition: IRS Releases New 2015 Limit for Health FSAs
In this edition: Additional changes to COBRA notices and the special enrollment period
In this edition: New FAQs Related to ACA Implementation; and HHS Announces Special Enrollment Period for COBRA Beneficiaries
In this edition - A summary of the inflation adjusted amounts for HSAs in 2015
In this edition: 2013 Year-end Summary
In this edition: Same-sex Spouse Rules for Cafeteria Plans, FSAs, and HSAs
In this edition: The $500 Health FSA Carryover: Details to Consider
In this edition: Mid-year changes in salary reduction elections and 2014 IRS plan limits
In this edition: IRS Issues New Health FSA Guidance
In this edition: Clarification of Same-sex Spouse Guidance Issued by the IRS.
In this edition: Recognition of same-sex marriages for federal tax purposes.
In this edition: U.S. Supreme Court rules DOMA unconstitutional and transition relief for information reporting and minimal essential coverage.
In this edition: Health coverage options guidance and model notices, model COBRA election notice, and HRA guidance
In this edition: A summary of the inflation adjusted amounts for HSAs in 2014.
In this edition: IRS offers FSA details and repeal of deductible restrictions for small group plans
The IRS informed the payroll industry of the mandatory recharacterization of after-tax transit benefits and the FICA overpayment correction process described in Notice 2013-8.
On January 11, 2013, the IRS announced annual inflation adjustments for the 2013 tax year. Adjustments issued included some tax changes passed earlier this month in the American Taxpayer Relief Act of 2012 (ATRA).
President Obama recently signed the American Taxpayer Relief Act of 2012. Click here to read which flex and fringe benefit plans will be affected.
The IRS released final regulations that implement and provide guidance on fees established by the Patient Protection and Affordable Care Act of 2010 (ACA) for the Patient-Centered Outcomes Research (PCOR) Trust Fund.
IRS Sets 2013 Standard Mileage Rates
Since March 23, 2010, we have seen - and continue to plan for - significant changes to account-based plans as a result of the Patient Protection and Affordable Care Act.
Earlier this year, the IRS provided guidance on the effective date of the statutory limit for FSA salary reductions, in accordance with Section 9005 of the Patient Protection and Affordable Care Act of 2010.
In a 5-4 vote, the Supreme Court upheld the key provisions of the Affordable Care Act (ACA).
Health flexible spending account (FSA) salary reductions are being limited to $2,500 for taxable years beginning on or after January 1, 2013.
On April 27, 2012, the IRS released Rev. Proc. 2012-26 that provides the 2013 inflation adjusted amounts for health savings accounts (HSAs) as determined under Internal Revenue Code Section 223.
IRS Notice 2012-9 provides udpated guidance regarding W-2 requirements for reporting employer-sponsored group health plan coverage
Distributed December 15, 2011: IRS Notice 2012-01 details the 2012 optional standard mileage rates used for computing deductible business, medical, and moving expenses.
Distributed November 3, 2011: Trade Adjustment Assistance Extension Act , Changes to Section 111 Reporting Requirements, Changes to Commuter Benefits Beginning January 1, 2012, and 2012 IRS Plan Limits
Distributed June 29, 2011: IRS Announcement 2011-40 announces an increase to the optional standard mileage rates due to recent gasoline prices.
Distributed June 21, 2011: IRS Notice 2011-28 provides guidance regarding Form W-2 reporting requirements and Revenue Procedure 2011-32 provides the 2012 amounts for Health Savings Accounts and High Deductible Health Plans.
Distributed December 21, 2010: President Obama signs the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 and 2011 mileage rates are released.
Distributed December 3, 2010: Changes to transit benefits beginning January 1, 2011, the Child and Dependent Care Tax Credit is changing for taxable years after 2010, IRS issues guidance regarding the Small Business Health Care Tax Credit, and more …
Distributed September 23, 2010: This special Update edition of the Compliance Flash provides in-depth coverage of the new OTC medicines and drugs rules.
Distributed September 14, 2010: IRS Notice 2010-59 clarifies new rules regarding the reimbursement of over-the-counter (OTC) medicines and drugs that were introduced in Section 9003 of the Patient Protection and Affordable Care Act of 2010 (PPACA).
Health Savings Accounts and High Deductible Health Plan limits for 2011 have been announced.
Distributed June 15, 2010: In an effort to reduce criminal activity and identify theft, the Federal Trade Commission, the federal bank regulatory agencies, and the National Credit Union Administration developed the Red Flags Rule.
Distributed April 22, 2010: The Continuing Extension Act of 2010 extends the eligibility period for the COBRA subsidy program until May 31, 2010.
Distributed March 4, 2010: The Temporary Extension Act of 2010 extends the eligibility period for the COBRA subsidy program until March 31, 2010.
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