|
[Official Guidance]
Text of 2020 IRS Publication 15-B: Employer's Tax Guide to Fringe Benefits (PDF)
34 pages. "What's New Cents-per-mile rule. The business mileage rate for 2020 is 57.5 cents per mile.... For 2020, the monthly exclusion for qualified parking is $270 and the monthly exclusion for com muter highway vehicle transportation and transit passes is $270.... For plan years beginning in 2020, a cafeteria plan may not allow an employee to request salary reduction contributions for a health FSA in excess of $2,750."
Internal Revenue Service [IRS]
|
[Sponsored]
Take a Benefits Certificate Course This March in Austin
Certificate Series offers comprehensive education in each area of total compensation. Take a single course to learn about a specific topic, or take three courses to earn a Certificate of Achievement in the discipline of your choice.
|
|
[Guidance Overview]
It's Time to Post the DC Paid Family Leave Notice to Employees
"By February 1, 2020, DC employers must conspicuously post the Notice to Employees at all DC worksites and distribute a copy to all DC employees. In addition, employers are required to give a copy to employees annually, upon hire, and within a reasonable time after they request leave which may be eligible for PFL benefits. Translated versions of the Notice are not online yet, but are forthcoming."
Keller Benefit Services
|
[Guidance Overview]
New California Law Requires Additional Flexible Spending Account Notices
"Under a California law that took effect on January 1, 2020, employers will have to provide extra notices to California employees enrolled in flexible spending accounts (FSAs) explaining the 'use it or lose it' federal tax rules that apply to those FSAs.... [Although the language] could be read to apply only to mid-year deadlines to withdraw funds, such as in the case of termination of employment, the limited legislative history suggests that the author was actually concerned more generally with funds remaining in an account at year-end being forfeited."
Ogletree Deakins
|
Seventh Circuit Holds Retiree Medical Coverage Vested for Life
"Finding the underlying [collective bargaining] agreement unambiguous, the Seventh Circuit panel nonetheless discussed the extrinsic evidence in support of its holding, including the significant testimony of a former benefits manager who participated in negotiating the 2002 agreement, and advised participants that their medical benefits were vested for life if they retired under that agreement." [Stone v. Signode Industrial Group LLC, No. 19-1601 (7th Cir. Nov. 20, 2019)]
Hodgson Russ LLP
|
Combining Medical, Pharmacy and Behavioral Benefits Delivers Savings
"On average, those with fully integrated benefits in the 2019 study: [1] Saved $207 annually per customer and $867 annually per individual with an identified health improvement opportunity (about 16 percent of the population). [2] Saw annual medical cost savings of $7,372 for individuals with conditions requiring a specialty medication, such as multiple sclerosis or rheumatoid arthritis. [3] Showed savings of more than $11,679 for customers with an oncology diagnosis and 24 percent lower oncology in-patient costs."
Cigna
|
Healthcare Affordability State Policy Scorecard
"[The] Healthcare Affordability State Policy Scorecard identifies areas where states are doing well and areas where it can improve. As the scorecard shows, state policymakers have a robust toolset they can use to ensure all residents have affordable coverage that features consumer-friendly cost-sharing and whose premiums reflect the efficient delivery of healthcare and fair healthcare pricing."
Altarum
|
|
Benefits in General
|
A Study of Longitudinal Trajectories of Health and Job Demand on Retirement Age
"Workers with health trajectories that involve more health-related events, and in particular hypertension, were actually more likely to retire later relative to their healthier peers. This may reflect better management of hypertension through more frequent outpatient physician visits, or a greater need for health insurance coverage."
Center for Retirement Research at Boston College
|
Most Popular Items in the Previous Issue
|
|
|
|
|
BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite H
Winter Park, Florida 32789
(407) 644-4146
Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager
Article submission: Online form
BenefitsLink Health & Welfare Plans Newsletter, ISSN no. 1536-9595. Copyright 2020 BenefitsLink.com, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.
Links to web sites other than BenefitsLink.com and EmployeeBenefitsJobs.com are offered as a service to our readers; we were not involved in their production and are not responsible for their content.
Unsubscribe |
Change Email Address |
Privacy Policy
|