|
|
 |
|
House Committee Holds Hybrid Plan Hearing
Hybrid pension plans have been in the spotlight for some time now, receiving ongoing attention
from lawmakers, regulators and the media. One of the most focused public discussions of cash
balance issues was on July 7, 2004, when the House Education and the Workforce Committee
held the hearing "Examining Cash Balance Plans: Separating Myth from Fact." Health Care Spending and Savings Accounts: A Way Out of Our Health Care Crisis?
The 2003 Medicare Prescription Drug, Improvement and Modernization Act (MMA) created tax-favored
health savings accounts (HSAs), which are used in conjunction with high-deductible health
plans (HDHPs). The idea is that consumers use the money in their HSA to pay their out-of-pocket
health costs and rely on the HDHP mostly for medical catastrophes. IRS Releases 2004–2005 Guidance Priority List
The 2004-2005 Guidance Priority List is out, reflecting the IRS's regulatory intentions for the next
year. After a couple of years with wide fluctuations in the number of projects — namely a
dramatic decrease in 2002 followed by an increase in 2003 — this year's list contains the same
number of projects as last year's: 47.
|
|
|
|
|
|
