COBRA Subsidy Ends … but Another Extension is Likely
Congress failed in its efforts before Memorial Day to pass a nearly $200 billion package that would have extended unemployment benefits and other expiring provisions, including ARRA’s COBRA subsidy program. The 15 months of federally subsidized COBRA premiums for involuntary terminations of employment that needed to occur by May 31, 2010, came to an end
Read more … COBRA Subsidy Ends … but Another Extension is Likely
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IRS Announces HSA Contribution & Coverage Limits for 2011
The IRS has just issued Revenue Procedure 2010-22, which provides the 2011 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). The limits for 2011 remain unchanged from 2010.
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Cafeteria Plans, HSA and HRAs are now allowed to offer coverage to Adult Children to age 27 Retro to 3-30-10
The IRS has released a notice which allows Cafeteria Plans to offer coverage to adult children to age 27, even if those children are not tax qualified dependents of the employee. The coverage is retroactive to March 30th 2010. In order to adopt this provision, employers must amend their Section 125 plan documents to reflect the offering to adult children to age 27.