Monthly Archives: June 2012

Employees Can Still Save on Health Care Expenses With a Second FSA!

June 27th, 2012

Starting in 2013, there is a new limit of $2,500 on the pre-tax amount employees can set aside in a Health Care Flexible Spending Account (FSA) plan for out-of-pocket health care expenses. If an employee or a spouse currently contributes more than $2,500 to a Health FSA, this is potentially a real takeaway. But there...

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Becoming a Great Place to Work: It’s Not About the Money

June 14th, 2012

“It is easy to understand why companies have focused on… pay, parking, cafeteria discounts, etc.” when trying to attract, retain and motivate workers, stated Gallup in introducing its research on their Management Journal website. Why? Because it’s usually fairly easy to tinker with those variables. Problem is, “these factors do not really make a difference...

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JOBS Act Aims to Spur Business Growth

June 14th, 2012

The new JOBS Act – the acronym for the Jumpstart Our Business Startups Act of 2012 — is expected to give a swift kick to the business sector. Under the new law, signed by President Obama on April 5, a qualified business will be able to raise cash without meeting all the usual requirements for...

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Workplace Political Expressions

June 14th, 2012

According to the HR Support Center March 2012 poll, 78% of respondents indicated “No” to the question posed of: “Does your company currently have a policy or practice that permits or prohibits political related activities in the workplace?” Due to recent “occupy” movements, legislative banter and election promotions, political activities can be effectively addressed with...

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2013 HSA Healthplan Minimums and Contribution Maximums

June 14th, 2012

IRS released Notice 2012-40 which provides guidance on the effective date of the $2,500 limit (as indexed for inflation) on salary reduction contributions to health flexible spending arrangements (Health FSAs) under Code Section 125(i) and on the deadline for amending plans to comply with that limit. This notice also provides relief for certain contributions that mistakenly...

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Possible Upcoming Changes to FSA & HSA

June 14th, 2012

Recent developments may change FSA’s and HSA’s to be more advantageous for participants. Below, the two main changes are outlined: 1. Dropping the “use it or lose it” rule: Recently, the House Ways and Means Committee voted 23-6 on the Medical FSA Improvement Act of 2011, H.R. 1004. The bill provides for a cash out...

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