CHIPRA – another day, another employer notice!

On February 4, 2009, President Obama signed the Children’s Health Insurance Program Reauthorization Act of 2009 (CHIPRA, Pub. L. 111-3). CHIPRA includes a requirement that the Departments of Labor and Health and Human Services develop a model notice for...

2010 HSA and 401(k) Contribution Limits

Each year the plan contribution limits change for qualified plans, so here are the new amounts for 2010: 2010 401(k) limits: 401k Elective Deferrals: $16,500 Catch-up Contribution Limit: $5,500 Annual Compensation Limit: $245,000 Highly Compensated Employees: $110,000...

DOL issues Final Rule on Safe Harbor period

The U.S. Department of Labor (DOL) published a final rule to protect employee contributions deposited to retirement and health plans with fewer than 100 participants by providing a safe harbor period of seven business days following receipt or withholding by...

Federal COBRA Subsidy has been Extended and Expanded

Under the American Recovery and Reinvestment Act of 2009 (ARRA), the federal government pays 65 percent of COBRA premiums for up to 9 months for Assistance Eligible Individuals who were involuntarily terminated between September 1, 2008, and December 31, 2009. An...

Update on Senate Health Reform Bill

On November 19, 2009, Senate Majority Leader Harry Reid (D-NV) released health reform legislation, the Patient Protection and Affordable Care Act, that combines the bills reported out of the Finance and Health Education, Labor and Pensions (HELP) Committees. CBO is...