Archive | Employee Communications

MCP-Flexible-Spending-Account-Updates

2015 Brings Positive Changes to FSAs, Commuting, Dependent Care and Adoption Assistance Programs

If you have access to a flexible spending account, or FSA, good news: The Internal Revenue Service has announced a $50 increase to allowable FSA contributions beginning in 2015. The new annual limit is $2,550.For those of you using or planning to use a dependent care FSA or a dependent care assistance plan (DCAP), your […]

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IRS Announces 2015 Standard Mileage Rates

New mileage rates announced for 2015 business, charitable, medical and moving The Internal Revenue Service has issued the 2015 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.    Beginning on January 1, 2015, the standard mileage rates for the use of […]

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Rule Change: “Use-It-Or-Lose-It” rule is changed for Flexible Spending Accounts

IRS Makes Changes To The “Use-It-Or-Lose-It” Rule For FSAs BusinessPlans, Inc. – myCafeteriaPlan® today announced the IRS has amended the “Use-It-Or-Lose-It” rule in Notice 2013-71 to allow for the rollover of a portion of unused Flexible Spending Account (FSA) funds to the new plan year. “This is an amazing time to participate in an FSA”, […]

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HIPAA Compliance Best Practices

What is HIPAA? HIPAA’s been the law of the land since the mid 1990s. But too many companies are still struggling with compliance – particularly in the area of protecting personally identifiable information (PII) from public release. The penalties for failing to safeguard PII are severe – and would be personally devastating to most individuals […]

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Employee Enrollment Materials

It’s Enrollment Time! Choosing pre-tax benefits not only provides tax savings, but also allows employees to be prepared when life happens.  We want to help you promote these benefits by offering a variety of materials that can be used to educate your employees about the benefits of a Flexible Spending Account, Health Reimbursement Arrangement, Health Savings […]

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What Happens to Workers if They Get Sick or Hurt?

According to a recent survey, four in ten American workers live paycheck to paycheck. This means that an unexpected illness or injury that takes your employees off the job for more than a few days can have devastating consequences for many of your employees who depend on their wages to survive. Disability insurance – sometimes […]

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A Look at Healthcare Reform’s Impact on HSAs and FSAs

If your company currently sponsors a flexible spending account (FSA) or health savings account (HSA) to allow employees to pay out-of-pocket medical expenses with pre-tax dollars, be prepared for upcoming changes. Under the new law, maximum annual FSA contributions are reduced, and there are new regulations affecting how the funds can be used. The intent […]

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