Cafeteria Plans News Today

One of the most common questions that we receive is whether an employee can change their benefits elections after the plan year has already started (also referred to as a mid-year...

/PRNewswire/ -- Brady Martz & Associates ("Brady Martz"), a company providing accounting services to certain entities including Digi-Key Corporation...

Members of Congress can learn much from the experience of privatecorporations, where innovative plan designs have cut costs...

Benefit Resource (BRI), a leading provider of innovative and dedicated administration of tax-free benefits programs, announced today the acquisition of North...

To embed, copy and paste the code into your website or blog: While many of us were still in a food coma from the holidays, former President Trump signed into law the Consolidated Appropriations Act of 2021 (the “CAA”) on December 27, 2020.  The CAA includes provisions impacting both retirement plans and health and welfare plans.  This blog focuses on the effective dates for the health and welfare changes.  In later articles we will provide more substantive information. Some of the CAA pr...

Monday, December 21, 2020   View Larger + Employers have seen changes to almost every aspect of employee benefits in 2020, from state and local laws and new benefits legislation to an avalanche of guidance aimed at helping employers cope with the pandemic. The following is not a comprehensive review of every change, but a highlight of several key developments for employers to note as 2021 approaches. Required Coverage of COVID-19 Vaccines Under the Affordable Care Act (ACA), non-grandfathered ...

A Chronology of COVID-19 Relief for ERISA Plans In 2020, the employee benefits world was dominated by the COVID-19 pandemic. The following chronology highlights the ongoing relief provided by legislation, regulatory action, and other agency guidance to assist ERISA plan participants, fiduciaries, and sponsors during the ongoing COVID-19 pandemic through November 30, 2020. (Superseded agency guidance has been omitted.) We provide a number of links to articles on our blog, Benefits Law Update, wh...

To embed, copy and paste the code into your website or blog: While COVID-19 dominated the health benefits landscape, there were other important developments demanding attention. Our Employee Benefits & Executive Compensation Group details both pandemic-related issues, from testing to vaccinations, and regulatory issues, from the Affordable Care Act to new regulations. COVID-19: ACA, CARES Act, OTC, EAP, HSA, HDHP, COBRA, and more New for 2020: two types of HRAs, electronic disclosure, SBC templ...

Thats what i keep talking about. i said the cost of our policies have gone up but the costs of end users have skyrocketed. you can no longer use cafeteria plans to buy aspirin or to buy cold medicine, things like this. theres so many changes happening that the cost of the policy for the individual is -- i believe its in the design of the system so that, one, either the employer is not going to be able to afford it. or two, the employee is not going to be able to use the policy. they are going to...

Captured. you get the mortgage interest deduction that arent really producing greater social efficiency. theyre producing benefits for certain incumbent that value the fact that their tax bill is held down. >> thats an incredible waste. id give my favorite. the cafeteria plans that are a small place, people wanted it. we have that in there. the amount of money you save by putting aside $1500, $2,000 a year, the amount of money you save on taxes is so small compared to the administrative expenses...