New HSA Comparable Final Regulations Senate Finance Committee Releases on Cap for Flexible Spending Plans HIPAA Breach Seminar on 9-22-09 1.00 pm EST HSA Comparable Rules: TD 9457 regarding Employer Comparable Contributions to Health Savings Accounts under Section 4980G and Requirement of Return for Filing of the Excise Tax under Section 4980B, 4980D, [...]
Using "Opt Out" or "Cash in Lieu of" Benefits to save money for employers
By Ric Joyner and B2B participants Can employers use methods to prevent employees and dependents from having double coverage? Let’s use this example. Assume the employer has a group plan. An agent in NAHU is doing some brainstorming with the HR person and the NAHU agent says, “Have you considered asking employees to leave your health [...]
New Cafeteria Final Regulations will be 2010
By Ric Joyner LiveJournal Tags: Treasury,IRS,News,Cafeteria Plans Kevin Knopf of the Treasury, speaking last Friday at the NAPBA.org Owners Conference, indicated to attendees that the Treasury has recently said publicly that the implementation of the New Cafeteria Final Regulations will be 2010. “The new regulations will likely appear toward the end of 2008 versus mid-summer [...]
Why isn’t Over-the-Counter Meds listed in Publication 502?
By Ric Joyner, CEBS, GBA, CFCI del.icio.us Tags: HSA,medical expenses,FSA,HRA,Brokers,Employers,Employees I was answering questions regarding HSAs, and many brokers (to my amazement) were telling clients that they COULD NOT pre-tax over-the-counter meds (OTC) because it was not in publication 502!? I took the challenge, and read publication 502 (great poolside read BTW). Note publication 502 [...]
Are you prepared for the coming 25-60% insurance premium increases?
By Ric Joyner, CEBS, GBA, CFCI “Hey, my premiums were lower last year…what do you mean premiums are on the rise? Answer: The stock market. We know that medical trend is 9% per year on average. (AHIP 2006) This is when the stock market is good. The stock market has lost 1,700- 2,000 points in [...]
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