Interest Rate Discussions Take on Broader Context
In the continuing deliberations on replacing the current liability interest rate, two new proposals emerged in September. IRS Ruling Could Relieve Headaches
In Revenue Ruling 2003-102, the IRS clarifies that insured and self-insured health plans, including health flexible spending accounts (FSAs), health reimbursement arrangements (HRAs) and consumer-driven health plans (CDHPs), may allow participants to pay for over-the-counter (OTC) drugs with pretax dollars. The Next Phase of HIPAA: Security
Many health plans, providers and health plan sponsors just recently managed compliance with the
Health Insurance Portability and Accountability Act’s privacy requirements, which became effective in
April of this year. Now, these same plans and covered entities must begin planning for the next phase of
HIPAA — the Security Rule — which becomes effective in April 2005 (April 2006 for small plans). IRS Releases 2004 Benefit Limits
The IRS has announced the annual cost-of-living and statutory adjustments of various dollar limits for
employee benefit plans.
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