The IRS and the Treasury Department have announced interpretive guidance that exempts employers from counting the hours of volunteer firefighters and emergency medical personnel when determining their compliance obligations under the employer mandate provisions of the Patient Protection and Affordable Care Act (“ACA”).
The “…Read more
A Health Flexible Spending Account (“FSA”) provided under an employer’s §125 plan allows participants to make pre-tax contributions to pay for qualified health expenses, which are paid by or reimbursed to them under the FSA on a tax free basis. Until October 31, 2013, however, there was one major drawback without alternative: namely, all FSA contri…Read more
Despite continuing uncertainty surrounding how and when state and federal-run health insurance exchanges will be functioning, the United States Department of Labor (DOL) has not pushed back its original October 1, 2013 deadline for the required employer marketplace notice.
Required Marketplace Notice
The Patient Protection and Affordable Care …Read more