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IRA Rollover by Non-spouse IRA Beneficiary is Prohibited

Posted on November 6, 2012 by

In July 2012, the United States Tax Court reiterated that inherited individual retirement accounts (IRAs) cannot be rolled over. Elizabeth Beech was the beneficiary of her deceased mother s traditional IRA. She received a check from the IRA, opened a new IRA, and deposited the funds from the check into the new IRA. Ms. Beech […]

OIG Approves Per Diem Payments to Physicians for On-Call Coverage

Posted on October 31, 2012 by

Payment for call coverage has become a major issue throughout the country as physicians are increasingly asking for payment for providing call availability. Traditionally, call coverage has been seen as part of the physician’s medical staff obligation. However, physicians are beginning to question traditional “on-call” coverage obligations for a number of reasons, including the fact […]

CMS Settles Class Action Reversing Nursing Home Improvement Standard

Posted on October 23, 2012 by

It is being reported that the Center for Medicare Advocacy, Inc. has settled its class action lawsuit with the Center for Medicare and Medicaid Services regarding the “improvement standard” that CMS has historically required in order to continue Medicare reimbursement for patients in nursing homes. The “improvement standard” resulted in Medicare coverage being denied in […]

Revised Guidance from Federal Trade Commission on Using Green or Environmentally Friendly Advertising Claims

Posted on October 23, 2012 by

The Federal Trade Commission has long had guidelines concerning the use of “green” or similar claims of environmental benefits to products by advertisers. Recently, these so-called “green guides” were updated for the first time in almost 15 years to reflect the new world of advertising claims promoting green or environmentally friendly products or packaging.   […]

2013 Qualified Plan Cost of Living Increases, 2013 Social Security Taxable Wage Base

Posted on October 18, 2012 by

The Internal Revenue Service has announced the cost-of-living adjustments for the various qualified retirement plan limits. Almost all of the limits shown below are changed from last year. Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit 2012-$17,000 2013-$17,500 $200,000 compensation limit 2012-$250,000 2013-$255,000 $160,000 defined benefit limit 2012-$200,000 2013-$205,000 $40,000 defined contribution […]

2013 Brings Limits to Medical Flexible Spending Accounts

Posted on October 10, 2012 by

It might not have seemed significant back in 2010 when Health Care Reform was enacted, but upcoming open enrollment for flexible benefit plans will have something new in 2013. Starting with the 2013 plan year, changes to the Internal Revenue Code mean that medical flexible spending accounts must limit employee contributions to $2,500 per plan […]

OIG Issues 2013 Annual Work Plan, Outlines Areas of Focus for Fiscal Year Ahead

Posted on October 10, 2012 by

The Office of Inspector General of the Department of Health of Health and Human Services (“OIG”) has published their annual work plan for the 2013 fiscal year (“2013 Work Plan”). The Work Plan focuses on areas where OIG plans to focus significant resources during the 2013 fiscal year. The 2013 Work Plan creates opportunities for […]

Reporting Employer-Sponsored Health Coverage on Form W-2: What Employers Need to Know

Posted on September 19, 2012 by

Have your Health Care Reform Checklist handy? Earlier this month we shared with you our “Getting on Track With Health Care Reform: Stop, Look, and Listen,” to help you “pack your bags” for a wild ride with Health Care Reform. First on the list is the requirement that employers report the cost of coverage under […]

Getting on Track with Health Care Reform: Stop, Look, and Listen

Posted on August 22, 2012 by

It’s time to get back on the Health Care Reform train before it leaves the station without you! You are only allowed one carry on item, and you know you don’t want to pay to check a bag. So what should an employer pack for the short trip to get to the end of 2012? […]

Wisconsin’s New “Title to Lien Holder” Law

Posted on August 16, 2012 by and

On July 30, 2012, Wisconsin officially became a “title to lien holder” and an electronic title state. These changes were included in the most recent state budget bill and were approved by the Wisconsin Legislature in 2011. See Assembly Bill 40, 3129-3130 (2011). Currently, 38 other states are “title to lien holder” states. Under this […]