August 2010
      
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IRS Issues Cafeteria Plan Guidance in Response to Healthcare Reform

Cafeteria plans are being altered at most companies thanks to the new rules issued by the Internal Revenue Service. If employees enroll their eligible dependents on their health insurance plans, the new cafeteria plan rules allow those employees to make immediate tax-free contributions. According to the IRS Commissioner Doug Shulman, this change was made necessary by the new federal healthcare legislation, which was passed on March 30th, 2010. The commissioner stated that the changes give companies and businesses the chance to offer a benefit that was worth their employees' while. He further stated that the IRS was prepared to make it as easy as possible for the new changes to be implemented and to include older children of employees in those employees' tax-favored benefit plans.
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Review These Tips Prior to E-Filing 5500

Starting January 2009, all Form 5500s are to be electronically filed using the Department of Labor’s newly implemented electronic program, EFAST2. Here are some tips to remember to ensure that you fill this online form and electronically file Form 5500 smoothly and without facing any hassle: 1. Before filing using EFAST2, responsible parties should register at their website. Here they would identify the individual who would be completing the Form 5500 and all signing parties. Early registration is recommended. 2. The five roles available upon registration are Filing Author, Filing Signer, Transmitter, Schedule Author and Third Party Software Developer.
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Supplemental Benefits Play Important Role in Maintaining Overall Health


When you think of a dental or vision plan as being included in your employee medical insurance package, you usually think of them as a nice perk. However, for many people it can actually be much more than that. Many serious diseases and illnesses can often be diagnosed during a routine dental or vision exam that would have ordinarily gone undiagnosed. Let's take a look at how each of these supplemental plans can be vitally important to your health. Dental exams can catch many diseases early before they get out of hand and before the patient even realizes that they may be a problem. Here are a few of the most notable:
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