On October 31, IRS and Treasury issued new guidance (Notice 2013-71) that modifies the “use it or lose it” rule that applies to health flexible spending arrangements (“FSAs”). Under this guidance, employers can now allow employees to carry over...
With the rollout of mandated changes to health plans beginning in January, many consumers found themselves receiving letters explaining that their coverage would be canceled and need to be replaced with a qualified health plan. For employer sponsored plans, this...
WCPO features an article in their Money section online, where Business Benefits’ Geralyn Isler is quoted sharing a strategy of employers exploring their options before January 1, 2014. Scott Guenther of Adams Stepner Woltermann & Dusing is also...
Perhaps it is time that we lower the volume on the Affordable Care Act debate. The ACA is here. It will significantly impact nearly every American who is not covered under Medicare. Some of us will find our rates much higher; some of us will find that our...
The Affordable Care Act requires all employers who are subject to FLSA to provide to all employees a notice of the Health Insurance Marketplace (a.k.a. Exchange) per the U.S. Department of Labor, Technical Release 2013-02, by October 1, 2013 and to all new...
By now most everyone in the U.S. is aware they must sign up for health coverage that meets new minimum standards according to the Affordable Care Act by January 1, 2014. (Open Enrollment begins on October 1, 2013.) Seniors enrolled in Medicare will keep...
