News-to-Use

Increase in Minimum Wage for Federal Contract Workers

Beginning January 1, 2015, all workers who perform services under a federal contract or sub-contract must receive a minimum wage of $10.10 per hour. This increase in the ...
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Google Glass Covered By Some Vision Plans

Employers who offer vision plans to their employees through a certain insurer may now be subsidizing frames and prescription lenses for Google Glass.
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Grace Period Deadline Approaching for Calendar Year FSAs

Some Flexible Spending Account Plans (FSAs) may include a grace period after the end of a plan year during which participants may incur claims to be reimbursed from ...
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Trip to Vegas Qualifies as FMLA Leave

The Family and Medical Leave Act provides eligible employees of covered employers with up to 12 weeks of unpaid, job-protected leave with continuation of group health ...
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Business.USA.gov Offers Resources for Small Businesses

Business.USA.gov is a website intended to provide business resources for small employers. The website offers an interactive module for help with Starting a Business, ...
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Cafeteria Plans

Many employers sponsor cafeteria plans under section 125 of the Internal Revenue Code to allow their employees to pay for benefits with pre-tax dollars. Since all ...
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Health Savings Accounts

A health savings account is an IRA-like, tax-exempt trust or custodial account that can be used to pay for certain medical expenses of the HSA holder, the holder’s ...
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Mid Year Change Events for Cafeteria Plans

In order to provide the pre-tax contributions to pay for benefits, cafeteria plans must require that elections be irrevocable for the period of coverage. This means that ...
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Prescription Drug Filing Required

The Medicare Modernization Act requires employers with health plans that include prescription drug coverage to notify Medicare-eligible participants if the drug coverage ...
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IRS Guidance on Tax Treatment for Same-Sex Spousal Benefits

The IRS issued Notice 2014-1 to address issues relating to cafeteria plans, flexible spending account plans and health savings accounts for employees with same-sex ...
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