Leaderboard

That's correct Katieinny, a cafeteria plan can't reimburse premiums for INDIVIDUAL health insurance policies, only employer sponsored GROUP policies

The simple answer is, of course a plan can require that all assets beheld in brokerage accounts under the control of each participant. The rest of the story is that the plan FIDUCIARIES ALWAYS REMAIN LIABLE FOR PLAN INVESTMENTS UNLESS THE PLAN IS 404© COMPLIANT. The question you have to ask is whether or not a plan with unlimited brokerage accounts ONLY can ever be 404© compliant. IMHO, it can not....

Just barely. 52 weeks/yr. 1/3 x 52 = 17.3333 700/17.3333 = 40.38 I'm thinking someone too the "standard" 2080 hours a year and divided by 3 (693.33) and rounded up.

An undercurrent of many provisions and consequences of the ACA is the gov't/IRS effort to cut back on the "tax expenditure" resulting from the tax free nature of employer provided group health insurance. Since the tax law hadn't changed the IRS figured out a clever way to effectively eliminate employer tax free reimbursement of employee individual health insurance premiums by claiming ACA reform violations and invoking the draconian $100/day/person penalty. Same thing is going to happen with the excise tax on "Cadillac" coverage, just an indirect way to reduce the tax expenditure. It's all about the lost tax dollars.