Rev. Proc. 2012-26 SECTION 1. PURPOSE This revenue procedure provides the 2013 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code. SECTION 2. 2013 INFLATION ADJUSTED ITEMS Annual contribution limitation. For calendar year 2013, the annual limitation on deductions under § 223(b)(2)(A) for an individual with [...]
From the KT Health and Welfare Team: The Departments of Labor, Health and Human Services and Treasury recently released yet another page from their Affordable Care Act playbook. The guidance gives a preview of upcoming regulations concerning the employer penalty, the 90-day waiting period and automatic enrollment under the Affordable Care Act. One important piece [...]
Technorati Tags: W2,W2 Compliance,Taxes,IRS,Employer,Employee Legal Alert PDF From the KT Health and Welfare Team:EB Alert Updated Form W-2 Guidance (1-9-2012) Last week, the Internal Revenue Service issued updated rules with respect to informational reporting to employees of their employer-sponsored group health plan coverage. The informational reporting requirement was added by the Affordable Care Act. Under [...]
Folks, there seems to be some confusion on the HSA comparable rules and section 125. I read on this blog frequently where a question is posed that the employer made a mistake in funding for the employer contribution for employees and the comments are narrow. Focusing on the limited options in the HSA comparable rules. [...]
Google Tags: Transportation, ARRA, American Reinvestment and Recovery Act, Commuter benefits, Employer, Barack Obama, News, Breaking news By Cynthia Van Bogart This FYI provides information about some of the changes for employer qualified transportation plans due to the American Recovery and Reinvestment Act of 2009 which was signed into law on February 17, 2009. Here [...]
By Larry Grudzien, JD The Children’s Health Insurance Program (CHIP) Reauthorization Act of 2009 extends and expands the State Children’s Health Insurance Program. Under the new law, states are allowed to subsidize premiums for employer-provided group health coverage for eligible children and families. The new law also requires employer-provided group health plans and insurers [...]
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