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IRS issues W2 Health Benefits Reporting Guidance


Category: Compliance and Regulatory, Health Care Reform, IRS, Taxes,

(PLANSPONSOR.com) - The Internal Revenue Service has issued interim employer guidance about reporting on employees' W-2 the cost of the health insurance coverage they sponsor for employees.

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Restoration of OTC expenses for FSA, HRA and HSA gains momentum


Category: CDHC, Compliance and Regulatory, Flexible Spending, FSA, Health Care Reform, Health Reimbursement, Health Savings, HRA, HSA, IIAS, PPACA,

This morning a long front-page article in the Wall Street Journal attacks the adverse impact of PPACA restrictions on OTC purchases by FSAs, coming just as several bills are introduced in House and Senate to fix CDH accounts.

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Educating Clients and Employees Is the Key To HSA Sales


Category: Health Care Reform, Health Savings, HSA,

Savvy brokers understand that health savings accounts can not only offer clients substantial savings on health insurance premiums, but also triple tax advantages and help clients save for health care and other expenses in retirement. The key is to educate your clients to think in this way.

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Obama Offers States More Flexibility in IMplementing Health Care Reform Law


Category: Compliance and Regulatory, Health Care Reform,

March 1, 2011 - By Amy Goldstein and Dan Balz
Washington Post Staff Writers

President Obama sought to defuse criticism of the new health-care overhaul Monday by saying he is willing to give states an earlier opportunity to opt out of certain key requirements – but only if they can find their own ways to accomplish the law’s goals.

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IRS Expands Use of Debit Card for OTC Drugs


Category: Compliance and Regulatory, Flexible Spending, FSA, Health Care Reform, Health Reimbursement, Health Savings, HSA, IRS,

On Thursday, December 23, 2010, the IRS issued Notice 2011-5, which clarifies the rules for when a Health FSA or Health Reimbursement Arrangement (HRA) may reimburse prescribed over-the-counter (OTC) medicine or drugs.

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Simple Cafeteria Plans - A GIFT for small employers.


Category: Compliance and Regulatory, Flexible Spending, FSA, Health Care Reform, IRS,

Effective January 1, 2011, certain employers that establish “simple cafeteria plans” are exempt from the Code Section 125 nondiscrimination requirements as well as the non-discrimination requirements applicable to the plans offered through the cafeteria plan (e.g. Code Section 129 non-discrimination testing for dependent care FSAs, Code Section 105(h) non-discrimination testing for self-insured medical plans, etc).

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IRS Form 8928 – Employers are now required to self report COBRA Administration Compliance Failures


Category: COBRA, Compliance and Regulatory, Health Care Reform, IRS,

If the American Recovery and Reinvestment Act wasn’t enough to make employers reexamine their trust relationship with their COBRA administrator, the IRS Form 8928 reporting requirements should certainly do so. Beginning with the 2010 Plan or taxable year, employers are now required to self-report their failures to comply with COBRA, HIPAA, and other health plan regulations to the IRS on Form 8928 and pay excise taxes and penalties for these compliance failures.

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SIMPLE Cafeteria Plans Provide a "Safe Harbor" from Non-discrimination Testing.


Category: Compliance and Regulatory, Flexible Spending, FSA, Health Care Reform,

The good news is that the new SIMPLE cafeteria plan regulations provide for a "safe harbor" from non-discrimination testing requirements for small employers that allow employees to contribute to health insurance premiums on a pre-tax basis.

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IRS Releases Draft W-2 Form for 2011; Announces Relief for Employers


Category: Compliance and Regulatory, Health Care Reform, IRS, Taxes,

WASHINGTON — The IRS today issued a draft Form W-2 for 2011, which employers use to report wages and employee tax withholding. The IRS also announced that it will defer the new requirement for employers to report the cost of coverage under an employer-sponsored group health plan, making that reporting by employers optional in 2011.

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HRA Administration Technology Reaches New Heights


Category: COBRA, Compliance and Regulatory, Health Care Reform, Health Reimbursement, Health Savings,

American Benefits Group is pleased to announce a major enhancement to its consumer-directed health plan administration services. The new offerings enable employee benefit brokers and consultants to offer highly customized plans that simplify and automate the administration and management of Health Reimbursement Arrangement (HRA) for plans. The enhanced HRA platform and design functionality will be available for all HRA plans Jan. 1, 2011.

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SIGIS Releases Significant Updates to IIAS Eligible Products List


Category: Compliance and Regulatory, Flexible Spending, FSA, Health Care Reform, Health Reimbursement, Health Savings, HSA, IIAS,

In response to new IRS guidance issued on Friday, September 3, 2010, the organization that manages the IIAS standard, SIGIS, is making significant changes to its Eligible Products List . The guidance, issued by the IRS in Notice 2010-59 in response

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IRS Issues New Guidance on PPACA Changes to OTC Medical Expenses


Category: Compliance and Regulatory, Flexible Spending, Health Care Reform, Health Reimbursement,

The Internal Revenue Serviceissued guidancelast Friday, September 3, 2010, in the form of Notice 2010-59 that reflects statutory changes regarding the use of health flexible spending arrangements (health FSAs) and health reimbursement arrangements

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Are you prepared for this months health plan changes under the PPACA?


Category: Compliance and Regulatory, Health Care Reform,

Numerous provisions of the Patient Protection and Affordable Care Act take effect for plan years beginning on or after Sept. 23. Some involve a notification to plan participants. The post-Sept. 23 requirements are:Grandfathered plans: Health plans

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New Grandfather Appeals Rules for Self Insured Plans Released


Category: Compliance and Regulatory, Health Care Reform,

From the KS Health and Welfare Team: On Monday, the DOL released additional rules with respect to the Federal external appeal procedures. These procedures apply to non-grandfathered self-insured health plans. The procedures include a number of troubling administrative and legal issues for plans and plan sponsors, and unfortunately there is little time to manage them.

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Recommended Preventive Services from HHS, Treasury and Labor


Category: Compliance and Regulatory, Health Care Reform,

Submitted by Larry Grudzien
July 14, 2010

The Departments of Health and Human Services (HHS), Labor, and Treasury issued interim final regulations on July 14, 2010 requiring new plans and issuers to cover certain preventive services without any cost-sharing for the enrollee when delivered by in-network providers. The interim final regulations do not apply to grandfathered plans and issuers. This website provides links to the items and services that must be covered under this interim final regulation. It is organized by the recommending body.

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