HC Reform - now projected over $1 trillion - just an extra $115 billion in 8 weeks
Congressional Budget Office estimates released Tuesday predict the health care overhaul will likely cost about $115 billion more in discretionary spending over ten years than the original cost projections. The additional spending - if approved
Read more … HC Reform - now projected over $1 trillion - just an extra $115 billion in 8 weeks
Over The Counter Changes for Flex Debit Card Coming for 2011
Within Section 9003 of the PPACA health reform law, IRS Code was amended so that over-the-counter (OTC) drugs will no longer be reimbursable unless they are prescribed by a physician as of Jan. 1, 2011. This prohibition affects health Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs) and Archer Medical Savings Accounts (MSAs).
Read more … Over The Counter Changes for Flex Debit Card Coming for 2011
IRS Releases Additional Guidance to Determine Small Employer Tax Credit
The IRS released Revenue Ruling 2010-13 which includes the average premium for the small group market when determining the Small Business Health Care Tax Credit. The credit was created as part of the Patient Protection and Affordable Care Act ("PPACA"), as amended, which helps small businesses afford the cost of covering their employees.
Read more … IRS Releases Additional Guidance to Determine Small Employer Tax Credit