Employee Benefits -- Cafeteria Plans

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    The enactment of the Affordable Care Act (ACA) in 2010 began an extended period during which far-reaching changes to the American healthcare system started taking effect. The provisions of the ACA go into effect over several years. Immediate Reforms The ACA included several provisions that immediately affected employers by subjecting health...

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    To a great extent, you may have to swallow the cost of rising health care benefits. But one alternative that many employers are taking advantage of is the cafeteria plan. These plans can reduce your costs and give employees more choice and flexibility of benefits. Unlike traditional one-size-fits-all benefits – which offer employees a...

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    Cafeteria plans, commonly referred to as Section 125 plans, and flexible spending accounts give employees a pre-tax way to pay for certain health-related and dependent-care expenses. Such plans are becoming very popular for employers of all sizes. Recently, Bank of America reported a 34-percent surge in its health savings business, adding 50,...
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    By Ashley Gillihan, John R. Hickman, and Anne Tyler Hamby Alston & Bird, LLP Effective March 30, 2010, the Patient Protection and Affordable Care Act as modified by the Health Care and Education Reconciliation Act of 2010 (collectively the "Act") expanded the health care tax exclusion to any "child" who will not reach age 27 at any time...
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    By Ashley Gillihan, John R. Hickman, and Anne Tyler Hamby Alston & Bird, LLP Effective March 30, 2010, the Patient Protection and Affordable Care Act as modified by the Health Care and Education Reconciliation Act of 2010 (collectively the "Act") expanded the health care tax exclusion to any "child" who will not reach age 27 at any time...
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    The IRS has issued final regulations providing guidance on employer comparable contributions to health savings accounts (HSAs) under § 4980G of the IRS Code. The regulations apply to employees who haven't established an HSA by December 31 and to employers that accelerate contributions for employees who have incurred qualified...
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    The IRS has issued new proposed regulations for Section 125 cafeteria plans that include guidance on when plans unlawfully discriminate in favor of highly compensated employees. The proposed regulations consolidate and withdraw previously proposed regulations. This is the first time the agency has published the guidance in one...
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    My, how time flies. Some things never change. Those are just two of the clichés that sprang to mind as we started reviewing some of the key labor and employment legislation introduced this year. After all, it seems like just yesterday that we were warning you about new laws you would be dealing with in years ahead. And...
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    While we're gabbing about the FMLA, let's look at some opinion letters from the U.S. Depatment of Labor (DOL) that clarify your obligation to provide health insurance during FMLA leave. According to the DOL, you still have to provide an employee with the same health insurance under the same terms - as if he was still working - even...
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    The biggest news for Massachusetts employers this spring has been the enactment of Chapter 58 of the Acts of 2006 "An Act Providing Access to Affordable, Quality, Accountable Health Care." The goal of the statute is sweeping: It requires that all Massachusetts residents obtain health insurance by July 1, 2007, either directly,...
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