Employee Benefits -- Flexible Spending Accounts

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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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    Flexible spending account limitation put off By Jeffrey Ashendorf Ford & Harrison LLP One very popular employee benefit in recent years has been the healthcare flexible spending account (FSA), under which employees may elect to forgo taxable salary and instead receive tax-free reimbursement of eligible healthcare expenses. As part of the...
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    New legislation would stop FSA “use it or lose it” rule The Medical FSA Improvement Act of 2011 (H.R. 1004), a new bill that was recently introduced in the U.S. House of Representatives, would bring an end to the “use it or lose it rule” that affects medical flexible spending accounts (FSAs). Under the bill, employees...
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    By Jenifer A. Cromwell and Brigen L. Winters Groom Law Group, Chartered Breastfeeding mothers and plan administrators take note – the IRS has concluded that breast pumps and lactation supplies are medical care under Internal Revenue Code Section 213(d). (See IRS Announcement 2011-14.) This change allows: flexible spending accounts (...
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    By: Fritz Richter, Curtis Fisher, John Kirk, David Thornton, and Mike MooreBass, Berry & Sims PLC Health flexible spending arrangements (FSAs) have become a very popular benefit for employees in recent years. As a result, most employers offer these arrangements as part of their overall benefit programs. While the recently enacted health...
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    By Fritz Richter, Curtis Fisher, John Kirk, David Thornton, and Mike MooreBass, Berry & Sims, PLC Health flexible spending arrangements (FSAs) have become a very popular benefit for employees in recent years. As a result, most employers offer these arrangements as part of their overall benefit programs. While the recently enacted health...
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    House leadership pushes controversial votes. As the elections get closer, the Republican leadership is using its final weeks to schedule votes on key campaign issues such as health care and tax cuts. However, just like Congress' votes to partially block the new overtime rules, most of those bills aren't expected to be enacted into...
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