The recent modest increases contrast sharply with the explosive growth in health care expenditures of just a few years ago. From 2001 through 2003, increases in health care spending averaged nearly 9 percent. And as recently as 2007, costs leaped 6.2 percent.
Just over 9 percent cited retention of tax advantages as a reason for keeping coverage and just over 7 percent said a top reason for keeping coverage was to avoid tax penalties.Read More
Employers could amend their FSAs to allow employees to withdraw as taxable cash up to $500 in unused balances remaining at the end of the plan year or at the end of an FSA grace period, if an employer has that feature.
Some 66 percent of the respondents' predictions about the fate of the mandate reflect what they heard the justices say during oral arguments, says one expert.Read More
Under the measure headed for a vote this week on the House floor, employers could amend their FSAs to allow employees to withdraw as taxable cash up to $500 in unused balances remaining at the end of the plan year or at the end of an FSA grace period, if an employer has that feature. Read More
The bill approved by the House panel would eliminate over-the-counter restrictions in the health care reform law.Read More
Employer benefits lobbying groups complained that the limit would effectively force noncalendar-year plans to comply with the rule before the statutory effective date.Read More
The bill, H.R. 5842, to be considered by the House Ways and Means Committee, would eliminate the OTC restrictions in the Patient Protection and Affordable Care Act of 2010.
If the high court were to strike down the individual mandate that requires most U.S. residents to enroll in a qualified health care plan, Cara Woodson Welch, Washington-based vice president of policy and public affairs, says it's likely that Congress would draft legislation to uphold pieces of the mandate.
Officials said they did not 'intend' to impose penalties during the first year the requirement is in effect so long as employers are working in 'good faith' to comply.