|
|
Congress has not acted to extend the monthly allowable transit benefit that was increased as a part of The American Recovery and Reinvestment Act of 2009. The Transit Benefit extension was not included in the Temporary Payroll Tax Cut Continuation Act of 2011, which extended the payroll tax cut for 2 months and was signed into law by the President. As a result, effective January 1, 2012, the monthly limits are as follows:
Transit: $125 - Parking: $240
|
|
|
|
|
The Internal Revenue Service today announced an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business and other purposes.
|
|
|
|
|
|
Effective immediately, employers are required to provide a reasonable space and time for nursing mothers for one year after their child’s birth. This space must be an enclosed location, other than a restroom, and protected from intrusion of the public and coworkers.
|
|
|
|
|
|
Great News!! Today, the IRS released Notice 2008-104, which delays the need for all pharmacies and drug stores to implement an Inventory Information Approval System (IIAS) or certify that 90% of their gross receipts were derived from the purchase of eligible medical expenses in order for payment cards to be used at their locations.
|
|
|
|
|
|
|
If you are eligible for Medicare or know someone who is, this news article from CMS is very important. CMS has issued a news alert to Medicare Beneficiaries on schemes aimed at the Medicare Drug Program. (Click Read More... to see the CMS News Alert)
|
|
|
|
|
|
|
Representative Jim Ramstad (Minn.) has introduced the Time for Recovery and Equal Access to Treatment in America Act of 2005 (HR 1258), which would amend ERISA, the Internal Revenue Code, and the Public Health Service Act (PHSA) to provide parity for substance abuse treatment benefits under group health plans and health insurance coverage.
|
|
|
|
|
|
If an individual is covered under a health plan and that person is absent from employment because of active duty, the plan must allow the person or his or her dependents to elect to continue the coverage. Under USERRA, all employer-sponsored health care plans are required to provide COBRA-type coverage for up to 18 months after the employee's absence begins due to military service or for the period of uniformed service. However, the Veterans' Benefits Improvement Act of 2004 (VBIA) modifies elections that are made on or after December 10, 2004.
|
|
|
|
|
|