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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.

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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DOL Releases Model COBRA Subsidy Notices


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

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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.

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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.

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Go Green with Eco-Flex


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

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