News-to-Use

ARPA and Increased Dependent Day Care FSA Limit

The American Rescue Plan Act of 2021 (“ARPA”) temporarily increases the maximum amount that may be excluded from taxable income under a dependent day care flexible ...
READ MORE

Question of the Week

Q.- A participant wants to enroll in our health FSA now but he didn’t make an election to do so during our open enrollment for the plan year starting 1/1/2021. He told ...
READ MORE

COBRA Premium Subsidy in American Rescue Plan Act

The American Rescue Plan Act of 2021 (“ARPA”) provides a COBRA premium subsidy for certain individuals.
READ MORE

Question of the Week

Q.- An employee just gave notice that he is going to quit. Do we have to send a COBRA notice since we did not fire him?
READ MORE

Question of the Week

Q.- We have an insured health plan. Will our COBRA continuants get a Form 1095 from the insurance company to show they had coverage?
READ MORE

COBRA Extension Period End

Changes are imminent in the COBRA world. While the COVID-19 pandemic is not over, the government-provided extension for COBRA enrollment and payments is about to end.
READ MORE

Question of the Week

Q.- An employee asked if the cost of a mail-in ancestry test he just purchased is eligible for reimbursement from his health FSA. Is it?
READ MORE

Medical/Dental Expense Publication for 2020 Tax Filings

The IRS released an updated version of Publication 502- Medical and Dental Expenses- that should be used for filing 2020 tax returns. Publication 502 explains the ...
READ MORE

ACA and Filing IRS 1040 Tax Returns

The Tax Cuts and Jobs Act reduced the Affordable Care Act individual shared responsibility payment to $0.00 starting with the January 1, 2019 tax year. Form 1040 no ...
READ MORE

Question of the Week

Q.- A former employee who is continuing health coverage through COBRA said she is entitled to a subsidy for her premiums for medical coverage through the Trade ...
READ MORE