"The IRS released final regulations dated April 3, 2024, and a related fact sheet, regarding short-term, limited-duration insurance and the consumer notice required for certain fixed indemnity coverage.... [T]he IRS reiterated its concern regarding fixed indemnity policies and other arrangements where premiums for the coverage are paid pretax and cash payments are made even though no medical expenses are incurred or the medical expenses are reimbursed through other coverage. It explained that these payments generally are taxable wages subject to FICA, FUTA and FITW."  MORE >>