IRS modifies 125 rules

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This modification permits § 125 cafeteria plans to be amended to allow up to $500 of unused amounts remaining at the end of a plan year in a health FSA to be paid or reimbursed to plan participants for qualified medical expenses incurred during the following plan year, provided that the plan does not also incorporate the grace period rule.”

 

http://www.irs.gov/pub/irs-drop/n-13-71.pdf

IRS releases Pension Limitations 2014

Pension Limitations 2014

A little breathing room in ACA

Continuing to Implement the ACA in a Careful, Thoughtful Manner

EBSA posts FAQ regarding Summary of Benefits and Coverage

The FAQs indicate that the Summary of Benefits and Coverage have been modified to include statements regarding minimum essential coverage and minimum value.  In addition new coverage examples have not been added and certain relief provisions extended.

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DOL posts two self-compliance tools

The DOL posted two self compliance tools, one for HIPAA and the other for ACA.

Shared Responsibility Part II

In this ErisaALERT we dig a little deeper into some aspects of the recent guidance.  Keep in mind there is no "one size fits all" application of these rules.

ErisaALERT 2013-01 regarding shared responsibility

We have posted a new ErisaALERT to our website regarding the shared responsibility provisions of ACA.
The recently proposed regulations offer some clarification, flexibility and useful transition rules.  Read the entire ALERT for more details.