It’s common for employers to require employees to pay a share of premiums for many employee benefits. To take a bite of this cost-sharing requirement, many employers permit employees to pay for their ...
A House subcommittee chairman pushed the idea of cafeteria-style benefit plans for federal employees at a hearing Tuesday, but labor leaders said the idea would simply shift costs from the government ...
The Jefferson City Council unanimously approved a bill after one reading that will affect employees not on the city's health insurance plan without notifying employees beforehand. The city provides ...
The idea of creating "cafeteria plans" as a way to let federal employees design their own benefit packages is on the menu today at a hearing scheduled by the House civil service subcommittee. But the ...
In order to avoid taxation, a participant must elect the qualified benefits before the cash benefit becomes currently available. That is, the election must be made before the specified period for ...
Section 125 cafeteria plans are relatively easy to set up and are extremely beneficial to both employers and employees, but they should not be considered “set-it-and-forget-it plans.” An increase in ...
Few things bring people together like free food. But shuffling through a corporate cafeteria line with limited food choices is less than desirable for employees, and employers may find it an ...
As part of its ongoing response to the COVID-19 outbreak, the IRS has released new guidance (Notice 2020-29) providing temporary increased flexibility with respect to mid-year election changes for ...
Flexible benefit plans allow employees to choose the benefits they need from several alternatives. These plans may include health insurance, 401(k) contributions and flexible spending accounts ...
WASHINGTON (AP) — Many employees who already have health insurance worry they’ll pay a price for President Barack Obama’s overhaul. But for workers at one major company those fears appear to be easing ...