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Categories: Strategy & Industry Insights, Unemployment,
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Unemployment Vocabulary Lesson

Unemployment can feel like another universe sometimes. Part of the mystique is simply due to vocabulary. Here are some words and phrases that are used regularly in Unemployment that can help you understand things a little better. Reimbursing or Contributing Employer These words refer to your method of payment to the state agency for claims. Read More

Categories: Benefits Management, Policy & Regulation,
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Medicare Part D Creditable/Non-Creditable Coverage Notice Deadline is Approaching

Reminder: Deadline for Medicare Part D Creditable/Non-Creditable Coverage Notices Approaches Plan sponsors that offer prescription drug coverage must provide notices of creditable or non- creditable coverage to Medicare-eligible individuals before each year’s Medicare Part D annual enrollment period. Many plan sponsors fulfill this obligation by including the notices in their annual enrollment materials or in separate Read More

Categories: Payroll, Policy & Regulation,
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IRS Plans to Add Line to 2013 Form 941 for Reporting Additional Medicare Tax on High Earners

According to the  APA (American Payroll Association) the IRS plans to add a new line to the 2013 Form 941 for reporting the employee portion of Medicare tax withheld on wages over $200,000. Under the Patient Protection and Affordable Care Act, the Medicare tax rate is due to increase .9% (for employees only) on wages Read More

Categories: Policy & Regulation,
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IRS Releases Notice 2012-40 Giving Guidance for the $2,500 FSA Limit!

1. The IRS Notice 2012-40 answers the question: “What defines a tax year in applying the Health FSA $2,500 limit?” The notice specifically states the cafeteria plan year is the “tax year”. The notice determines that an “off calendar year” can fall into 2013 and still have an unlimited Health FSA amount. 2. The 2.5 month claim filing extension can also Read More