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New Optional Section 125 Midyear Qualifying Events Released by IRS
On Sept. 18, 2014, the IRS published Notice 2014-55, which creates two new Section 125 midyear qualifying events. The two new events apply in very specific situations and – like all Section 125 events – are optional. Employers who wish to include these new Section 125 qualifying events as options in their plan design need to amend the plan document accordingly.
Read more … New Optional Section 125 Midyear Qualifying Events Released by IRS
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ABG Nominated for The IHC Superstar Awards
The Institute for HealthCare Consumerism (IHC) Superstar Category
- Most Effective Solution Provider Award – American Benefits Group
Nominee's Company
- American Benefits Group (Bob Cummings, Managing Principal)
Nominee's email address
Why should this person be a Superstar?
American Benefits Group is a top national TPA that began its life as a pioneer of FSAs in the 1980s. Today the firm provides administrative services for all account based pre-tax plans including HSAs, commuter benefits, FSAs and HRAs for over 650 employers nationwide, including a large number of leading Wall Street financial firms, Main Street America and a few well known public companies.
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Compliance Update
The San Francisco Board of Supervisors passed an amendment to the Health Care Security Ordinance on June 17,
2014. The amendment phases in (over 3 years) a requirement that all heath care expenditures be made irrevocably and makes other changes to the HCSO. For more information, see the HCSO amendment as passed.