2009

House Passes COBRA Subsidy Extension Bill

WASHINGTON - The U.S. House of Representatives overwhelmingly approved legislation Wednesday that would extend the federal subsidy of COBRA health insurance premiums for employees who are involuntarily terminated.

Read more …

IRS Delays Transit Ruling Effective Date to January 1, 2011

Today, the IRS issued notice 2009-95 which announces the delay in the effective date of Revenue Ruling 2006-57 which provides guidance on the use of smartcards, debit or credit cards, or other electronic media to provide qualified transportation fringes under sections 132(a)(5) and (f) of the Code.

Read more …

IRS Announces Medical Mileage Rate for 2010

The IRS has announced that the standard mileage rate for use of an automobile to obtain medical care will be 16.5 cents per mile for 2010. This is a 7.5 cent decrease from the 2009 rate of 24 cents. An IRS press release attributes the decrease to a general reduction in transportation costs.

Read more …

IRS Mandated Debit Card Substantiation Requirements Effective July 1st 2009

Please be advised that as of July 1st, 2009 per IRS Notice 2008-104 your myFlexResource.com debit card may no longer work at certain locations.

Read more …

Senate Panel to Review Health Insurance Tax Changes

WASHINGTON — The Senate Finance Committee will discuss controversial options that include curbing the tax-favored status of employer-provided health care coverage, wiping out health care flexible spending accounts and placing new restrictions on health spending accounts when it meets Wednesday.

Read more …

IRS releases HSA indexed adjustments for 2010

IRS has just issued Revenue Procedure 2009-29, which provides the 2010 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g).

Read more …

Baucus Hints at Changes to Health Care Tax Breaks

WASHINGTON — Changing the tax-favored status of employer-provided health care coverage could make the system fairer, according to Senate Finance Committee Chairman Max Baucus, D-Mont.

Read more …

COBRA Subsidy Clarification

IRS Notice 2009-27 provides guidance on the premium assistance for COBRA continuation coverage under section 3001 of the American Recovery and Reinvestment Act of 2009 (ARRA), Public Law 111-5, enacted February 17, 2009.

Read more …

DOL Releases Model COBRA Subsidy Notices

The Department of Labor released model notices for the American Recovery and Reinvestment Act of 2009 COBRA subsidy.

Read more …

Stimulus Bill Temporarily Increases 132 Transit Benefit Limits

The American Recovery and Reinvestment Act of 2009, also referred to as the Stimulus Bill, temporarily increases the amount of 132 transit pass and vanpooling benefits that can be excluded from an employee's income. This is accomplished by raising the combined monthly limit for transit pass and vanpooling benefits to the monthly limit for qualified parking expenses.

Read more …

COBRA subsidy available under the American Recovery and Reinvestment Act of 2009

The American Recovery and Reinvestment Act of 2009 (ARRA) provides for a 65% reduction in COBRA premiums for certain assistance eligible individuals for up to nine months.

Read more …

Go Green with Eco-Flex

Here are a few simple ways you can support our “green” initiatives...

Read more …