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MTA NYCT Fare Increase Effective April 2017 Benefit Month
The MTA New York City Transit (NYCT) has confirmed an approved fare increase that is effective on March 19, 2017, corresponding with the April 2017 benefit month.
It is our understanding there will be a fare increase for both Metro North Railroad (MNR) and Long Island Rail Road (LIRR), which will also correspond to the April 2017 benefit month.
Read more … MTA NYCT Fare Increase Effective April 2017 Benefit Month
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Congress Passes “Cures Act” Allowing Stand-Alone HRAs for Small Employers
On Dec. 7, 2016, the US Congress passed HR 34, called the “21st Century Cures Act” (Cures Act). The Cures Act legislation will permit small employers (those with fewer than 50 full-time employees during a calendar year who are not subject to the employer mandate) who do not offer a group health plan to provide a qualified small employer health reimbursement arrangement (QSEHRA).
Read more … Congress Passes “Cures Act” Allowing Stand-Alone HRAs for Small Employers
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IRS Announces 2017 Health FSA and Commuter Plan Limits
On October 26, 2016, the IRS announced the 2017 annual inflation adjustments, which included increased limits for Health Flexible Spending Accounts (FSAs) under an IRC §125 cafeteria plan. The Parking and Transit limits for 2017 remain the same.
Read more … IRS Announces 2017 Health FSA and Commuter Plan Limits