Blog
The information and content contained in this blog are for general informational purposes only, and does not, and is not intended to, constitute legal advice. As always, for specific questions concerning your health or 401(k) plans, please consult your own ERISA attorney or professional advisor.
IRS Addresses Tax Implications Of Wellness Benefits Provided Under Fixed-Indemnity Plans
The IRS has recently issued an internal memorandum confirming its position on certain wellness plan arrangements that are being marketed by promoters as being able to save employers money by reducing their liability for FICA and FUTA taxes. The memorandum
IRS Issues Guidance On Expenses For COVID-19 And Preventive Care Under High Deductible Health Plans
Background In order to make contributions to a health savings account, an individual must be covered under a high deductible health plan (HDHP) and not covered under any plan that is not an HDHP. An HDHP is not permitted to
401(K) Current Events: IRS Releases Notice 2023-43, Interim Guidance On Secure 2.0 EPCRS Expansion
As we have previously reported, the SECURE 2.0 Act (SECURE 2.0), signed into law on December 29, 2022, represents a huge package of provisions affecting retirement plans, including 401(k) plans, that will have an enormous overall effect over the next
Fifth Circuit Court Of Appeal Stays Decision Of Texas District Court That Invalidated The Requirement That Health Plans Cover Certain Preventive Services
We previously reported that a District Court in Texas had found the ACA’s requirement that plans provide certain preventive services on a first-dollar basis without cost-sharing was unconstitutional. See our Blog on this decision here. The government appealed the decision