HR & Compliance

  • June 2012 Health Care Reform by

    Posted on: June 5, 2012Categories: HR & Compliance

    Flexible Spending Plan Rules On May 30th, 2012 the IRS released Notice 2012-40 with the new guidance relating to the $2,500 annual limit for health flexible spending accounts established as part of the Health Care Reform law. The Affordable Care Act (ACA) imposes a $2,500 limit on salary contributions to a FSA which is offered under an employer sponsored cafeteria plan. The limit is scheduled to take effect January 1, 2013. Within the notice the term “taxable year” is defined as the “plan ...

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  • May 2012 Health Care Reform by

    Posted on: May 1, 2012Categories: HR & Compliance

    Student Health Insurance Coverage Welcome Back! This month's topic is the Final Regulations of Student Health Insurance... The Department of Health and Human Services (HHS) has issued final regulations under the Affordable Care Act (ACA) to establish how the health care reform law’s requirements apply to student health insurance coverage. The final regulations extend all of the protections provided to enrollees in individual market plans to student health insurance plan enrollees, with sev ...

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  • April 2012 Health Care Reform by

    Posted on: April 3, 2012Categories: HR & Compliance

    Final Regulations Issued on Exchanges  On March 12, 2012 the U.S. Department of Health and Human Services (HHS) released final rules on exchanges. Beginning in 2014, individuals and small businesses will be able to purchase private health insurance through state based competitive markets known as Affordable Health Insurance Exchanges (Exchanges). See below for the Clarke & Company Benefits Health Care Reform Legislative Brief on the Final Regulations on Health Insurance Exchanges. We have a ...

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