IRS Modifies FSA ‘Use‐It‐Or‐Lose‐It’ Rule To Allow Participant Carryovers Up to $500

The IRS and the United States Department of the Treasury, in response to more than 1,000 public comments received by the Department of the Treasury, has modified the forfeiture provision for employees participating in a Healthcare Flexible Spending Accounts (FSA). Many employees who are offered a Healthcare FSA may not elect this benefit for fear Read more →

E‐Verify Unavailable Due to Federal Shutdown

 E‐Verify Unavailable Due to Federal Shutdown E‐Verify went off‐line Oct. 1 because of the partial federal shutdown that occurred when Congress failed to pass a government funding measure. During the period that EVerify remains unavailable, employers will be unable to use the system for checking workers’ employment eligibility or to perform other tasks, according to Read more →

Changes to Health Reform Out-of-Pocket Limits

Recent news regarding health reform’s requirement that health insurance plans cap how much consumers can pay out-of-pocket each year for medical care has shown to be somewhat confusing to employers and individuals since being announced on August 13. The bottom line: for many plans, the protections will take effect as scheduled in 2014. Some plans Read more →

Deadline to Update HIPAA Materials is September 23, 2013

On January 25, 2013, Health and Human Services (HHS), the federal agency in charge of implementing the Health Information Privacy and Accountability Act of 1996 (HIPAA) issued regulations modifying the HIPAA Privacy and Security enforcement rules. These regulations finalized the amendments to HIPAA that were made by the Health Information Technology for Economic and Clinical Read more →

ACA Delayed: Employers get an extra year to provide health insurance?

The Obama Administration announced today that it will provide an additional year before the ACA mandatory employer and insurer-reporting requirements begin. This is designed to meet two goals. First, it will allow the Departments to consider ways to simplify the new reporting requirements consistent with the law. Second, it will provide time to adapt health Read more →