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DOL and HHS Release Key FAQs on Implementation of The Affordable Care Act
Set out below are additional Frequently Asked Questions (FAQs) regarding implementation of the Affordable Care Act. These FAQs have been prepared jointly by the Departments of Labor (DOL), Health and Human Services (HHS), and the Treasury (collectively, the Departments). Like previously issued FAQs (available at http://www.dol.gov/ebsa/healthreform/ and http://www.cms.gov/cciio/resources/fact-sheets-and-faqs/index.html), these FAQs answer questions from stakeholders to help people understand the new law and benefit from it, as intended.
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2015 Health FSA and Commuter Transit & Parking Limits
October 30, 2014, the Internal Revenue Service announced the annual inflation adjustments for Health FSAs and Commuter Transit and Parking benefits in Revenue Procedure 2014-61.
The annual dollar limit on employee contributions to employer-sponsored Healthcare Flexible Spending Accounts (FSA) is increased to $2,550. This increase applies to plan years starting January 1, 2015 and going forward.
The 2015 monthly limit for Commuter Accounts will remain the same as the 2014 monthly amounts, $250 for qualified parking and $130 for transit expenses.
Read more … 2015 Health FSA and Commuter Transit & Parking Limits
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Putting People First
The Institute for Health Care Consumerism (IHCC) has just recognized ABG with a 2014 Superstar Award in the Innovator category.