Book Description

Flexible Benefits Answer Book includes detailed coverage of today's most important topics and issues, including: Health Care Reform Health Flexible Spending Accounts Health Reimbursement Arrangements Health Savings Accounts Adoption Assistance Plans Transportation Reimbursement Plans HIPAA COBRA ERISA And more! In one, easy-to-use manual, Flexible Benefits Answer Book provides answers to all your questions, helping you design successful flexible benefits plans while staying in compliance with the growing number of federal requirements and tax rules that apply to such arrangements. Highlighted features include: The question-and-answer format breaks down complex subject areas into concise units Introductory text provides an overview of each subject covered in the questions and answers Extensive cross-referencing facilitates research The List of Questions helps you immediately locate areas of interest Answers contain numerous examples that illustrate specific points Flexible Benefits Answer Book has been updated to include: Revisions to several chapters that reflect the impact of the Supreme Court's decision that the Defense of Marriage Act is unconstitutional, and the IRS' and other agencies' subsequent clarification that a spouse would be defined according to the state of celebration as opposed to the state of residence A comprehensive overview of the "pay or play" rules under I.R.C. Section 4980H An example of the application of the Break in Service Rules Under 4980H A new appendix that sets out the Special Unpaid Leave Rules A new Health & Welfare Benefit Plan Compliance Calendar A new chapter concerning educational assistance programs that offer tax free educational assistance to employees A discussion of the tax exclusion for adoption assistance provided by the employer that has been permanently extended A new table--ACA Employer Requirements and Application to Small and Large Employers Helpful guidelines regarding the I.R.C. Section 129 Dependent Care FSA Rules A 20 factor test to aid employers in determining if an employee is a common law employee A new, sample business associate agreement that was added to reflect the new model provided this year by HHS