News-to-Use

Question of the Week

  • BAS
  • 29.01.2015
Q. - An employee did not elect to participate in the FSA this year, but he has a carryover amount from a prior year. He is terminating employment tomorrow. Does he get ...
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Employer’s COBRA Processes Prevented Penalties in Lawsuit

  • BAS
  • 29.01.2015
An employee terminated from Montefiore Medical Center sued her former employer for, among other things, failure to provide a proper COBRA notice. The former employee was ...
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IRS Releases Health Care Reform Guidance for Individuals

The IRS released a new publication- IRS Pub 5187- which explains the impact of the Affordable Care Act on individual tax filings.  The Publication, Health Care Law: ...
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Question of the Week

  • BAS
  • 22.01.2015
Q. If we have a mid-year increase to our deductible under our health plan, may we allow employees to increase their FSA elections mid-year? 
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DOL Prohibits Discrimination Based on Sexual Orientation and Gender ...

  • BAS
  • 22.01.2015
The US Department of Labor issued a new rule prohibiting discrimination on the basis of sexual orientation or gender identity. The rule implements an executive order ...
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Online Filing Required for Plans with Prescription Drug Coverage

  • BAS
  • 22.01.2015
The Centers for Medicare and Medicaid Services (CMS) requires all employers that offer prescription drug coverage to file an annual statement about the coverage. The ...
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Question of the Week

  • BAS
  • 15.01.2015
Q.- Do we have to issue a Form W-2 reporting the cost of health coverage to a former employee who has been on COBRA for over 12 months already? 
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Transit Pass Limit Retroactively Increased for 2014

  • BAS
  • 15.01.2015
The IRS, through the Tax Increase Prevention Act of 2014 (TIPA), increased the 2014 monthly limit under qualified transportation plans for transit pass and vanpooling ...
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New SBC Rules Proposed

  • BAS
  • 15.01.2015
The Departments of Health and Human Services, Labor and Treasury issued proposed rules to add features to the Summary of Benefits and Coverage (SBC). 
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Question of the Week

  • BAS
  • 08.01.2015
Q.- We hired a new employee.  His COBRA coverage from his former employer ended 12/31/14. His new medical coverage with us doesn’t start until 2/1/15. Will he be subject ...
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Transit Plans and Electronic Payment Cards

  • BAS
  • 08.01.2015
The IRS issued new guidance on the use of electronic media cards to provide transit benefits. The new rules recognize changes in technology since earlier guidance was ...
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Will You Be Subject to Health Care Reform This Year?

This year, large employers must provide their employees with health coverage or pay a penalty. It is important to know if you are a large employer for Affordable Care ...
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