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Government Agencies Release Guidance on HSAs, FSAs and Employer Payment Plans

Government Agencies Release Guidance on HSAs, FSAs and Employer Payment Plans  On Friday, September 13, 2013, the IRS released Notice 2013-54 and the DOL issued Technical Release 2013-03 in substantially identical form.  This guidance, which is generally effective January 1, 2014, provides much needed clarification on the application of certain provisions of the ACA (annual […]

IRS & the U.S. Supreme Court’s Windsor Decision

IRS & the U.S. Supreme Court’s Windsor Decision: On August 29, 2013, the U.S. Department of the Treasury and the Internal Revenue Service issued important guidance for employers and employees relating to the impact of the Windsor decision on employee benefit plans. In Revenue Ruling 2013-17, the agencies ruled that a same-sex couple legally married […]

IRS Formalizes Delay in Employer “Play or Pay” Mandate

Peter J. Marathas, Jr Compliance Director, Benefit Advisors Network Produced in conjunction with Proskauer Rose law firm. Tuesday July 9, 2013, the Internal Revenue Service (IRS) issued Notice 2013-45, which is the formal guidance that implements the delay of certain parts of the Affordable Care Act (ACA) until 2015.  More specifically, this Notice primarily formalizes […]