EBIA Weekly Newsletter

Can a Qualified Transportation Plan Reimburse Employees’ Expenses for Carpooling With Their Own Vehicles?

   May 18, 2017

QUESTION: Some of our employees have organized carpools to commute to work, and we provide those carpools with parking benefits under our qualified transportation plan. Could our transportation plan also reimburse those employees for all or a portion of their other commuting costs as a vanpooling benefit? All of the carpools use employee-owned vehicles, and … Read More

The EBIA Advanced Cafeteria Plans & Benefits Conference Is Heading to San Diego, and You’re Invited! Plus, New Seminars and Webinars From Checkpoint Learning!

   May 11, 2017

The EBIA Advanced Cafeteria Plans and Benefits Conference is only a few weeks away! Register today to join us in beautiful La Jolla, CA, July 12–14, for the latest scoop on “repeal and replace” efforts, hot topics for administering account-based plans, plan design trends, advanced COBRA issues, and more! Also check out our … Read More

IRS Announces 2018 HSA Contribution Limits, HDHP Minimum Deductibles, and HDHP Out-of-Pocket Maximums

   May 11, 2017

Rev. Proc. 2017-37 (May 4, 2017) Available at https://www.irs.gov/pub/irs-drop/rp-17-37.pdf The IRS has released the 2018 cost-of-living adjusted limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs). Here are the details: HSA Contribution Limits. The 2018 annual HSA contribution limit for individuals with self-only HDHP coverage will be $3,450 (a $50 increase … Read More

IRS Announces ACA Indexing Adjustments for Affordability and Premium Tax Credit Determinations for 2018

   May 11, 2017

Rev. Proc. 2017-36 (May 4, 2017) Available at https://www.irs.gov/pub/irs-drop/rp-17-36.pdf The IRS has announced 2018 indexing adjustments for two key percentages under the Affordable Care Act (ACA). The first percentage, which is the required contribution percentage used to determine whether employer-sponsored health coverage is “affordable” for purposes of employer shared responsibility and had increased … Read More

IRS Audit Guidelines Allow Two Interpretations of Multiple Loan Limitation

   May 11, 2017

Memorandum for Employee Plans (EP) Examinations Employees: Computation of Maximum Loan Amount under IRC § 72(p)(2)(A), TE/GE-04-0417-0016 (Apr. 20, 2017) Available at https://www.irs.gov/pub/foia/ig/spder/tege-04-0417-0016.pdf The IRS has a released a memorandum to its Employee Plans (EP) examination employees that establishes audit guidelines for computing the maximum loan amount under Code § 72(p) when certain … Read More