It’s common for employers to require employees to pay a share of premiums for many employee benefits. To take a bite of this cost-sharing requirement, many employers permit employees to pay for their ...

Craig Anthony, CFA, is the founder and CEO of the Craig Anthony Group LLC. He is also an Investopedia contributor and published author. Thomas J Catalano is a CFP and Registered Investment Adviser ...

Cafeteria plans provide employees a pool of choices — a benefits buffet in a sense, with options that range from retirement pay contribution to vacation days to insurance plans. Regarding health ...

As part of its ongoing response to the COVID-19 outbreak, the IRS has released new guidance (Notice 2020-29) providing temporary increased flexibility with respect to mid-year election changes for ...

Understanding the complexities and nuances of insurance policies is rarely a simple task. This can be especially true of employer-provided healthcare plans, which offer many different types of ...

The passage of the Economic Growth and Tax Relief Reconciliation Act, and the promulgation of Final Treasury Regulations governing permitted mid-year election changes, have now set the menu for ...

A sole proprietor or self-employed person can receive some of the dependent-care benefits available to employees through cafeteria plans by setting up a Dependent Care Assistance Program. These are ...

The Internal Revenue Service and Department of Treasury have proposed new regulations that materially impact the operation and maintenance of cafeteria plans. With these new regulations, cafeteria ...

In 2014, the Internal Revenue Service expanded the events that would allow employees to drop their health plan coverage under their employer’s cafeteria plan. As a reminder, the general rule is that ...

In response to the COVID-19 pandemic, Congress enacted temporary special rules for health flexible spending arrangements (FSAs) and dependent care assistance programs under Sec. 125 cafeteria plans.