Please review the attached document. final-rules-for-group-health-plans-mother.txt
Archive | Treasury RSS feed for this section
New Bicycle Commuting Employee Benefit Available in 2009
Used with permission 10-20-08 Cynthia Vanbogart, JD Boardman Law, Madison WI This FYI provides information about a new bicycle commuting benefit that may be of interest to employers thinking “green.” Starting in 2009, bicycle commuting expenses of up to $20 per month can be reimbursed by the employer on a tax-free basis. Reimbursable expenses include the cost [...]
IRS Announces Pension Plan Limitations for 2009
Issue Number: IR-2008-118 Inside This Issue WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments applicable to dollar limitations for pension plans and other items for tax year 2009.Section 415 of the Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. It also requires that the Commissioner annually [...]
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 [...]
Health Savings Accounts IRS Notice 2008-52
June 23, 2008 Notice 2008-52 Health Savings Accounts Table of Contents ANNUAL HSA CONTRIBUTION LIMIT HDHP deductible limit on annual HSA contributions repealed Annual HSA contribution limits for 2007 and later years Sum of the monthly contribution limits Full contribution rule The testing period Failure to remain an eligible individual during the testing period Excise [...]
Health Savings Accounts IRS Notice 2008-51
June 23, 2008 Notice 2008-51 Health Savings Accounts Table of Contents BACKGROUND Eligible individuals General rules on taxation of distributions from IRAs HEALTH OPPORTUNITY PATIENT EMPOWERMENT ACT OF 2006 Tax treatment of qualified HSA funding distributions Qualified HSA funding distribution only from certain types of IRAs Maximum amount of qualified HSA funding distribution One-time qualified [...]
Recent Comments