News
August 3, 2007
IRS
Releases New Section 125 Regulations
The IRS released new
comprehensive proposed regulations for Section 125 Cafeteria Plans
today which will be published in the Federal Register on Monday,
August 6th. The new rules replace all previous guidance issued
since the 1980's. Know125.com has published a comprehensive
guide to the new rules. For more information go to the
Know125.com page
Resources
HIPAA Security
Series from the Centers for Medicare and Medicaid Services
Go to
KnowHIPAA.com page to download
copies of the HIPAA Security Series from the Centers for Medicare & Medicaid
Services (CMS)
Department of Labor
COBRA Notice Regulations and Model Notices
Effective for Plan
Years Beginning after November 25th, 2004. There is much more to the new
regulations than just the DOL Model Notices. To comply with the new rules,
employers must send 2 new COBRA notices ( a new termination notice and
unavailability of coverage notice), implement new written procedures related to
how the employee or beneficiary notifies the employer of certain events, and
more! For more information and copies of Model DOL notices go to
KnowCOBRA.com.
