Transporation Changes for Plans Using Debit Cards
The provision included in Rev. Rul. 2006-57 permitting employers to use cash reimbursement if the only available voucher or similar item is a terminal-restricted debit card is no longer warranted. Beginning after December 31, 2015, in order to provide time for employers to comply, employers are no longer permitted to provide qualified transportation fringe benefits in the form of cash reimbursement in geographic areas where a terminal-restricted debit card is readily available.
Click Here To find out moreEverybody in the employee benefits field uses acronyms like ALE, MLR, and ACA, but what do these and other employee benefits acronyms stand for?
04/14/2023
Everybody in the employee benefits field uses acronyms like ADA, MSP, and PHI, but what do these and other employee benefits acronyms stand for?
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Everyone in the employee benefits field uses acronyms like CDHC, EAP, and VEBA, but what do they stand for?
04/14/2023
The IRS has issued FAQs that explain when certain costs related to nutrition, wellness, and general health are medical expenses under Code § 213.
04/14/2023
A new wrinkle recently added a potential complication to calculating these deadlines.
04/14/2023