Cafeteria plans (125, flexible spending) (BenefitsLink.com)Headlines re Cafeteria plans (125, flexible spending), gathered by BenefitsLink.comPay the Doctor Bill, Not the Tax Bill, with Flexible Spending Accounts- (Found June 29, 2008 ) Excerpt: "Even though flexible spending accounts are widely offered, few of us sign up. One study showed that more than 96 percent of large companies offered FSAs, but only one-quarter of employees participated in the healthcare accounts and just 3 percent used the dependent-care accounts." (Star-Telegram.com; free registration required)http://www.star-telegram.com/business/story/273353.html Health Insurance Terms Key to Choices at Work- (Found June 29, 2008 ) Excerpt: "When it comes to your health insurance, can you define a flexible spending account, a health reimbursement account or a Health Savings Account If you can't, you're not alone." (The Dallas Morning News; free registration required)http://www.dallasnews.com/sharedcontent/dws/bus/columnists/pyip/stories/DN-moneytalk_22bus... Frequently Asked Questions about Flexible Spending Accounts- (Found June 29, 2008 ) Answers to common questions about FSAs. (Ceridian Corporation)http://www.ceridian.com/myceridian/article/1,2481,11066-53002,00.html Employee Benefits Developments November 2007- (Found June 29, 2008 ) Rulings, opinions, cases. (Hodgson Russ LLP)http://www.hodgsonruss.com/Home/Practice_Areas/Alphabetical_Listing/Employee_Benefits/Empl... Cafeteria Plan Rules Hold Risks, Opportunities, Benefits Attorney Says (PDF)- (Found June 29, 2008 ) Excerpt: "Employers should be very careful in adopting the rules because the Internal Revenue Service is taking a ''zero tolerance compliance standard,'' . . . . Plans must precisely follow all the rules in the terms of plan design, written plan documents, and operations . . . . The rules, proposed in August, are a ''significant rulemaking,'' in which IRS consolidated and updated previous cafeteria plan guidance dating to 1984 . . . ." (The Bureau of National Affairs, Inc. via Miller..http://www.millerchevalier.com/files/Publication/82dc0875-3514-4212-8c1d-05efbeb8623b/Pres... One-Cent Decrease in 2008 Mileage Rate for Transportation to Obtain Medical Care or as Part of Deductible Moving Expenses- (Found June 29, 2008 ) Excerpt: "The standard mileage rate for use of an automobile to obtain medical care (which may be deductible under Code Section 213 if it is primarily for, and essential to, medical care) will be 19 cents per mile for 2008 -- a one-cent decrease from 2007. The same decreased rate also will apply for use of an automobile as part of a move for which the expenses are deductible under Code Section 217." (Employee Benefits Institute of America (EBIA))http://www.ebia.com/weeklyguest/19214/20071221a57a7aaba4564103b38bfcb9a06160ea/BNL071129 Ten Considerations for Section 125 Plans (PDF)- (Found June 29, 2008 ) 6 pages. Excerpt: "In August 2007, the Internal Revenue Service effectively replaced the majority of existing Section 125 plans regulations, supplanting them with a new set that will take effect for plan years beginning on or after Jan. 1, 2009. See these ten points to make sure that your cafeteria plan is ready." (Milliman)http://www.milliman.com/expertise/employee-benefits/publications/wp/PDFs/ten-consideration... Health and Welfare Update: What Plan Sponsors Should Be Doing Now (PDF)- (Found June 29, 2008 ) 52 pages. (Morgan, Lewis & Bockius LLP)http://www.morganlewis.com/pubs/WhatPlanSponsorsShouldBeDoing_11dec07.pdf Guidance Overview Can I Have an HSA If I Have a Health FSA or HRA- (Found June 29, 2008 ) Excerpt: "Participation in a health flexible spending arrangement (FSA) or health reimbursement arrangement (HRA) may negatively affect an individual's HSA eligibility. Even with HDHP coverage, an individual also covered by a health FSA or an HRA that pays or reimburses qualified medical expenses prior to meeting the HDHP deductible generally cannot make regular HSA contributions. An individual's participation in one of these plans may also disqualify hisher spouse from an HSA."...http://www.complianceheadquarters.com/ComplianceArticles/HSA_012408.aspx Cafeteria Plan Rules Hold Risks, Opportunities, Benefits Attorney Says- (Found June 29, 2008 ) On the target page, click on the link under the heading 'Attachments." (Miller Chevalier)http://www.millerchevalier.com/article/rellandbnadrte103007/ |