Q.- An employee had an eye lift recently. She said it was to help her vision at night. Can she be reimbursed for the procedure from her Health Flexible Spending Account Plan?
The IRS re-implemented the health coverage tax credit (HCTC). This is a refundable tax credit that individuals can claim equal to the portion of premiums paid for COBRA or other qualified health insurance coverage. The credit had expired on January 1, 2014. It may be available to certain individuals eligible for a pension benefit or eligible for coverage under the Trade Adjustment Assistance Act.
The IRS released a series of questions and answers addressing the new 1095 Forms that individuals will receive over the next few months. The information is intended to help recipients understand the new forms and what should be done with them.
Q.- An employee with a health FSA is getting a divorce. Do we have to allow the ex-spouse to elect to continue coverage under the FSA?
A Wisconsin court recently held that an employer did not violate the Americans with Disabilities Act (ADA) when it required its employees to participate in a wellness program. In EEOC v. Flambeau, Inc., the court sided with the employer against new EEOC rules.
Congress made another change to health care reform by delaying the so-called Cadillac Tax on high-cost employer health plans. The Cadillac tax effective date has been pushed back to 2020. The tax, once paid, will be deductible by employers.
Q.- One of our employees wants to enroll in the dependent care FSA now. She said she didn’t enroll because her mom was watching her children, and now she is going to send them to day care. Do we let her in the plan mid-year?
Employers in the City of Philadelphia, PA should review their hiring practices. Late last year, the mayor of Philadelphia signed into a law a bill amending the Fair Criminal Screening Standards Ordinance.
The IRS delayed the due dates for Affordable Care Act (ACA) information reporting. The delay applies to the 1095-B/C Notice sent to individuals and to the 1094- B/C Transmittal to the IRS.
As a last-minute holiday gift, the IRS has extended the due dates for Affordable Care Act (ACA) information reporting. The extension applies to the 1095-B/C Notice sent to individuals and to the 1094- B/C Transmittal to the IRS.
Q- One of our employees wants to be reimbursed from his health FSA for acne spot treatment. Is this an eligible expense?
There is now permanent parity between transit pass benefits and parking benefits under Code section 132.
In connection with providing an extension to the ACA filing deadlines, the IRS also issued guidance changing some of the ACA reporting rules. Notice 2015-87 applies to plan years starting on or after December 16, 2015, so it will not impact most 2015 filings. Some of the changes are as follows: