It’s common for employers to require employees to pay a share of premiums for many employee benefits. To take a bite of this cost-sharing requirement, many employers permit employees to pay for their ...
Have HR and benefit professionals who work for midsize employers lost their hunger for cafeteria plans in austere times? It seems that the answer depends on semantics and plan design nuances.
Editor’s Note: IRS Notice 2022-41 changed the rules governing mid-year election changes and cafeteria plans in light of the final regulations that fixed the so-called “family glitch” under the ACA.
A House subcommittee chairman pushed the idea of cafeteria-style benefit plans for federal employees at a hearing Tuesday, but labor leaders said the idea would simply shift costs from the government ...
The Jefferson City Council unanimously approved a bill after one reading that will affect employees not on the city's health insurance plan without notifying employees beforehand. The city provides ...
In order to avoid taxation, a participant must elect the qualified benefits before the cash benefit becomes currently available. That is, the election must be made before the specified period for ...
Many employers have sought to leverage or make changes to their employer-sponsored benefits to address economic and health-related burdens faced by their employees during the COVID-19 pandemic. Until ...
Flexible benefit plans allow employees to choose the benefits they need from several alternatives. These plans may include health insurance, 401(k) contributions and flexible spending accounts ...
The idea of creating "cafeteria plans" as a way to let federal employees design their own benefit packages is on the menu today at a hearing scheduled by the House civil service subcommittee. But the ...