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Policies and Procedures

Debit Cards Advance Cash for Health Bills

October 8, 2008
Financial investment firm Edward Jones helps employees pay unexpected medical bills by advancing cash interest-free from future paychecks. The plan helps calm employees’ fears of not being able to pay for high deductibles.
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IRS Clarifies Rules for Reservist FSA Distributions

October 3, 2008
The law, the Heroes Earnings Assistance and Relief Tax Act, allows employers to amend their FSA programs to let reservists called up for at least six months of active duty take FSA funds as taxable distributions instead of forfeiting balances.
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Congress OKs Extending Health Coverage for Ill Students

September 29, 2008
The measure would allow college students to retain coverage for up to 12 months after they take a leave of absence. It was modeled after a New Hampshire law named for a student who continued her studies while battling cancer to maintain health insurance coverage.
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Federal Health Plan Costs to Increase

September 29, 2008
Following private industry trends, health insurance premiums will increase by an average of 7 percent next year in the health insurance program covering federal employees and retirees, the administrator of the program says.
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Market Slashes Fannie, Freddie CEO's Pay

September 26, 2008
The fired chief executives of Fannie Mae and Freddie Mac amounted to only about a third of what was reported in the news media at the time because of plunges in the mortgage giants’ stock prices, the companies’ regulator says.
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Delphi to Freeze DB Plans September 30

September 26, 2008
Delphi was authorized Tuesday, September 23, by a U.S. Bankruptcy Court judge to freeze the plans as part of its restructuring plan to emerge from Chapter 11 bankruptcy protection.
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Exec Pay Curbs Likely to Be Part of Bailout

September 25, 2008
Members of Congress are getting an earful from constituents who are angry about exorbitant salaries earned by Wall Street titans. The legislation is likely to contain provisions to limit executive pay excesses.
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