By Ric Joyner, CEBS, GBA, CFCI See webinar information below. The Supreme Court of the United States (SCOTUS) determined today that Affordable Care Act (ACA) could stand if the mandate to buy insurance was a tax. Congress does have the authority to tax. What didn’t stand was the Commerce Clause, allowing Congress to force Americans [...]
Technorati Tags: HSA,Health savings account,health care,insurance,taxes,IRS Annual contribution limitation. For calendar year 2012, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,100. For calendar year 2012, the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a [...]
Technorati Tags: NAHU,Taxes,1099,1099 Repeal,Small Business Nahu Newswire The AP (4/15) reports, “President Barack Obama has signed the first rollback of last year’s healthcare law, a bipartisan repeal of a burdensome tax-reporting requirement that’s widely unpopular with businesses.” The Washington Post (4/15, Sonmez) “2chambers” blog reports, “The move marked the first successful effort by Congress [...]
Technorati Tags: IRS,Tax,Taxes,Flexible Spending Accounts,Lactation expensens,Health Care Reform From the IRS Issue Number: A-2011-14 Announcement 2011-14 advises the public that expenses for breast pumps and supplies that assist lactation may be deducted as medical expenses or reimbursed under a flexible spending arrangement or similar plan. Announcement 2011-14 will be in IRB 2011-9, dated February 28, [...]
Technorati Tags: IRS,Treasury,Taxes,HHS,PPACA,Non Discrimintation in Health Insurance IRS email: Notice 2011-1 addressing the timing of the application of the Patient Protection and Affordable Care Act provisions prohibiting insured group health plans from discriminating in favor of highly compensated individuals. It states that the Treasury Department and the IRS, as well as the Departments of Labor [...]
Technorati Tags: Obamacare,Health care reform,eflexgroup.com,eflexgroup,eflex,HRAs,HSA,FSA,flex,pop,Taxes,IRS November 2, 2010 http://www.ibmadison.com/healthcare?id=713 Ric Joyner is not a typical CEO — chief executive officer; instead think “customer experience officer.” His company (founded with partner Tom Jacobs), eflexgroup, administers consumer-driven health plans — Health Savings Accounts, Health Reimbursement Accounts, Flexible Spending Accounts, and COBRA administration — but FSAs are its [...]
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