Today's sponsor is EmployeeBenefitsJobs.com (Click on company name or banner to learn more.)
[Guidance Overview] Bicycle Commuting Fringe Benefit Added to Code Section 132(f) Excerpt: "The new law allows employers to reimburse employees on a tax-free basis for certain bicycle commuting expenses incurred after December 31, 2008. The maximum annual benefit is $20 times the number of months during the calendar year in which the employee regularly uses a bicycle for a substantial portion of the travel between the employee's residence and place of employment." (Employee Benefits Institute of America (EBIA)) [Guidance Overview] Legislation Extends Existing Health Coverage for Dependent College Students in Cases of Medically Necessary Leaves of Absence Excerpt: "On October 9, 2008, President Bush signed Michelle's Law, which is intended to allow seriously ill college students, who are covered dependents under health plans, to continue coverage for up to one year while on medically necessary leaves of absence. . . . This law is effective for plan years beginning on or after October 9, 2009 (calendar-year plans must comply beginning January 1, 2010) and to medically necessary leaves of absence beginning during such plan years." (Employee Benefits Institute of America (EBIA)) [Guidance Overview] New Law Expands Mental Health Parity Requirements for Group Health Plans Excerpt: "The legislation amends the mental health parity provisions in ERISA, the PHSA, and the Code, eliminating the sunset provision under which existing requirements would have expired on December 31, 2008, and adding new requirements regarding mental health and substance use disorder benefits that apply for plan years beginning after October 3, 2009 (with a special rule for plans maintained pursuant to a collective bargaining agreement)." (Employee Benefits Institute of America (EBIA)) [Guidance Overview] Adoptions Act Narrows the Definition of Qualifying Child Under Code Section 152 Excerpt: "President Bush has signed into law legislation that includes a provision limiting who can be considered a 'qualifying child' under the definition of dependent in Code Section 152. (Under Code Section 152, a person is considered a dependent only if he or she is either a qualifying relative or a qualifying child.)" (Employee Benefits Institute of America (EBIA)) Newly Posted Events Presidential Election Briefing on Health Care Nationwide on October 14, 2008 presented by KaiserNetwork.org Newly Posted or Renewed Job Openings (Post a Job | View All Jobs | RSS Feed ) Vice President -Benefits for Mid-Size Financial Services/Investment Bank in NY Operations Supervisor (TPA/Employee Benefits) for Zenith Administrators in WI Pension Consultant for CAI Benefits, Inc. in NY DC Adminstrator for Summit Benefit & Actuarial Services, Inc. in ANY STATE, OR, WI Plan Administrator for JCCS Benefit Consulting Group in MT Handy Links:
Subscribe to the BenefitsLink Retirement Plans Newsletter, Too! Sign-up form is at https://benefitslink.com/newsletter (free). This newsletter is sent to you each workday except federal holidays. This email has been published by:
David Rhett Baker, J.D., Editor Copyright 2008 BenefitsLink.com, Inc.; except that you can forward this email in full (including this boilerplate part) or otherwise reprint this email in full (including this boilerplate part) without obtaining our permission. Anyone can receive these emails; just have them sign up at this web page: https://benefitslink.com/newsletter/ Other useful links: |