Determining Eligibility for HIPAA Administrative Simplification
A health care plan with fewer than 50 participants that is administered by a sponsoring employer may have fewer compliance hassles. That is because it is excluded from the definition
A health care plan with fewer than 50 participants that is administered by a sponsoring employer may have fewer compliance hassles. That is because it is excluded from the definition
Many employers use cafeteria plans to offer employees a menu of benefits from which to choose. Under Section 125 of the Internal Revenue Code, participants in a cafeteria plan must
A number of tax-related limits that affect businesses are annually indexed for inflation and many have increased for 2021. Some stayed the same due to low inflation, and the deduction
Many employees take advantage of the opportunity to save taxes by placing funds in their employer’s health or dependent care flexible spending arrangements (FSAs). As the end of 2020 nears,
The IRS recently released 2021 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including those related to many popular fringe benefits. Here are some highlights to be aware
Many businesses now offer, as part of their health care benefits, various types of accounts that reimburse employees for medical expenses on a tax-advantaged basis. These include health Flexible Spending
There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs. So, it is critical to leverage all tax-advantaged ways to
One common configuration of employee benefits today is a cafeteria plan with options for pre-tax contributions that include a health Flexible Spending Account (FSA) and a dependent care FSA, also