#cafeteria plan

The average annual premium for an employer-sponsored family health plan rose to nearly $27,000 this year, according to a recent KFF report. ​ ​​4 in 10. That’s how many people in the US say they are “extremely” or “very” concerned they may not be able to pay for their healthcare, access care, or stay insured, according to a new AP-NORC poll. ​ ​Section 125, also known as a Cafeteria Plan is a benefit program offered by employers that allows employees to choose from a variety of benefits, some of which can be paid with pre-tax dollars. ​BusinessRefund.com or BookMyCall.org

Childcare providers, employers sponsoring programs that reimburse childcare expenses and American workers and families can expect increases in childcare costs and possible loss or disruption of childcare providers in response to efforts by the Department of Health and Human Services (HHS) to increase regulation, oversight and enforcement against childcare providers when…

IRS Updates Procedures For 403(b) Opinions & Approvals

The Internal Revenue Service (IRS) is revising the application procedures for pre-approved 403(b) opinions and advisory letters.  Revenue Procedure 2015-22 modifies Revenue Procedure 2013-22, 2013-18 I.R.B. 985, as modified by Revenue Procedure 2014-28, 2014-16 I.R.B. 944, and Revenue Procedure 2015-8, 2015-1 I.R.B. 235 to:

Update the addresses to which applications for opinion and advisory…

Newly-Medicare Eligible Not Driving Medicare Advantage Enrollment Increases

Findings of a just-released Kaiser Family Foundation study, At Least Half of New Medicare Advantage Enrollees Had Switched from Traditional Medicare During 2006-11, disputes the popular misperception that Baby Boomers’ overwhelmingly choice of private plans accounts for the steady rise in Medicare Advantage enrollment.  Instead, Study reports that seniors switching from traditional Medicare…

Advance Copies Of 2014 Form 5500s Reminder To Avoid Penalties By Confirming Compliance

Employers and other sponsors, plan administrators, third party administrators, and other service providers of employee benefit plans will want to check out the relevant advance informational copies of the 2014 Form 5500 and 5500-SF and final copy of the 2014 Form M-1 annual returns released by the U.S. Departments of Employee Benefits Security Administration, the Internal Revenue Service, and the…