We previously wrote that provisions in the new health reform legislation imposed penalties if insured group health plans discriminated in favor of highly compensated individuals. In IRS Notice 2011-1, the government has decided to delay enforcement of this provision until after further guidance is finalized. The Notice further states that any guidance will not apply [...]
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Many employers have established health care expense (or “flex spending”) accounts under cafeteria plans to which employees make salary deferrals and are then reimbursed for medical expenses. Under current law, reimbursable medical expenses include, for example, prescription drugs and over-the-counter medications and other treatments. Thus, many individuals obtain reimbursement for contact lens solution and certain [...] Thomas M. White Most employers recognize that their self-insured health plans must not discriminate in favor of highly compensated employees if those benefits are to be provided on a tax free basis. However, these non-discrimination rules have not previously been applied to insured health care programs. Consequently, many employers have purchased health care policies only [...] |
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