Resources
 

2003/09/01 - K.I.S.S. EXORBITANT HEALTH COSTS GOODBYE

Remember the K.I.S.S. principle, “Keep it simple stupid?” It is still a good idea when it comes to providing health care for employees.

2003/06/01 - DEFINED CONTRIBUTION HEALTH PLANS: LET THE BUYER BEWARE

Each day the press reports that another major employer has jumped on the band-wagon. How well have these plans been thought through by their eager promoters? Are there pitfalls or hidden traps employers and their advisers should be aware of in changing their health plan to a DC health model? We think so.

2002/11/01 - SPECIAL ISSUE: SPOTLIGHT ON PEOs

It’s a brand new day for employee benefit plans of professional employer organizations. And all the news is bad.

2002/10/11 - CHANGES IN STERLING BENEFIT PLANS

There has been much activity by the IRS recently relative to multiple-employer welfare benefit plans. This memorandum will summarize the IRS’ rulings regulations and our reaction to them. We are in process of making several changes to the Sterling Benefit Plan VEBAs, and current VEBA clients must make certain elections with respect to your participation in the plan prior to December 31, 2002.

2002/07/12 - IRS GOES FOR DEATH BLOW AGAINST ABUSIVE WELFARE BENEFIT PLANS

IRS has recently released regulations and proposed regulations under IRC section 419A(f)(6) to curb what it perceives as abuses.

2001/05/16 - BCA ANNOUNCES EMPLOYEE MEDICAL ACCOUNTS

After several months of development, Benefit Strategies Group has now released their Employee Medical Account (EMA) plans to the public, Third-Party Administrators and health insurance agents.

2001/01/11 - IRS UPDATES PS 58 TABLE FOR VALUING LIFE INSURANCE

Notice 2001-10 updates the IRS´ P.S. 58 cost table, the first such update since 1955. The new rules require using the table rather than an insurance company´s substituted one-year term policy, unless the insurance company can show that their OYT policy is actually sold to the public.

2000/08/05 - TAX COURT RULES IN NEONATOLOGY ASSOCIATES CASE

On Friday July 31, 2000, Judge Laro of the Tax Court (who rendered the decision in the Booth case several months ago) handed down his decision in Neonatology Associates, P.A., et. al. v. Commissioner of Internal Revenue, 115 T.C. 5 (2000). And it wasn´t favorable to the taxpayers.

2000/07/10 - EMAs: RETIREE MEDICAL PLANS OF THE FUTURE?

How can companies provide retiree medical benefits for their employees without breaking the bank? As their workforces age, more and more companies desire to offer medical plans to retirees, but do not dare guarantee that they can afford to do so with medical costs rising at more than 10% per year. This article offers a proposed solution to this dilemma.