http://www.discoverybenefits.com/Get the latest press releases from Discovery Benefits(c) 2012 Discovery Benefits60Discovery Benefits was once again honored by Business Insurance with the Best Places to Work award.http://www.discoverybenefits.com/pressroom/article/bestplacestowork2011Thu, 20 Oct 2011 00:00:00 GMTIRS released Revenue Procedure 2011-32 announcing the 2012 HSA limits. http://www.discoverybenefits.com/pressroom/article/hsa-2012-limitsFri, 13 May 2011 00:00:00 GMTOver 100 benefit plan administrators swarm the Hill in support of cafeteria/Flex plan benefits for employees FARGO, N.D.--(BUSINESS WIRE)-- Cafeteria plans and flexible spending arrangements enable employees to make tax advantaged “salary reduction” contributions to benefits such as health care and child care. Over 100 Flex plan professionals recently made the trip down advocacy lane to educate Congress about the importance of this employee friendly benefit. Two of the attendees were Suzanne Rehr and John Biwer of Discovery Benefits. They recently returned from a whirlwind Flex benefit conference held annually in Washington DC by the Employers Council on Flexible Compensation (ECFC). http://www.discoverybenefits.com/pressroom/article/discovery-benefits-meets-with-congressional-representativesTue, 26 Apr 2011 00:00:00 GMTThe Internal Revenue Service issued Notice 2011-28 that provides interim guidance regarding the informational reporting of an employee's employer-sponsored health plan coverage on Form W-2. The informational reporting requirement was added to the internal revenue code by the Affordable Care Act last year. Employers are required to comply with the informational reporting requirement beginning with the 2012 Form W-2 (forms required for the 2012 calendar year that employers must furnish to employees in January 2013). http://www.discoverybenefits.com/pressroom/article/reporting-the-cost-of-health-coverage-on-form-w-2Tue, 05 Apr 2011 00:00:00 GMTJanuary 25, 2011: Wisconsin Governor Scott Walker signed into law a plan that will give Wisconsin residents a tax break on contributions to health savings accounts. The plan brings Wisconsin in line with the federal tax code when it comes to money people set aside in health savings accounts. Until now, Wisconsin had been one of only six states that don't offer this kind of tax break. http://www.discoverybenefits.com/pressroom/article/wisconsin-residents-now-eligible-for-state-tax-break-on-hsa-contributionsWed, 26 Jan 2011 00:00:00 GMTThe Omnibus Trade Act of 2010 has recently been passed by Congress and signed by President Obama. This measure extends the American Recovery and Reinvestment Act (ARRA) provisions that were made to the Health Care Tax Credit (HCTC), namely increasing the tax credit from 65% to 80%, and extending the deadline for COBRA continuation for HCTC-eligible individuals from December 31, 2010 to February 13, 2011. COBRA continuants whose coverage had been extended as a result of HCTC eligibility should notify Discovery Benefits of their extended eligibility by sending a copy of their HCTC eligibility letter to Discovery. Once this has been completed, their COBRA benefits will be extended through February 13, 2011. A Sample HCTC Eligibility Letter can be found using this link: http://www.irs.gov/individuals/article/0,,id=109960,00.html.http://www.discoverybenefits.com/pressroom/article/omnibus-trade-act-of-2010-extends-health-care-tax-creditThu, 06 Jan 2011 00:00:00 GMTAfter January 15, 2011, health FSA and HRA debit cards may continue to be used to purchase over-the-counter medicines or drugs at drug stores and pharmacies, at non-health care merchants that have pharmacies and at mail order and web-based merchants that sell prescription drugs. These purchases will not require additional substantiation by Discovery Benefits, if the purchases meet certain requirements.http://www.discoverybenefits.com/pressroom/article/summary-of-irs-notice-2011-5-debit-cards-and-otc-purchasesTue, 28 Dec 2010 00:00:00 GMTThe IRS released Notice 2011-5 modifying the use of debit cards outlined in Notice 2010-59. After January 15, 2011, health FSA and HRA debit cards may continue to be used to purchase over-the-counter medicines or drugs at drug stores and pharmacies, at non-health care merchants that have pharmacies and at mail order and web-based vendors that sell prescription drugs, if they meet the following requirements: http://www.discoverybenefits.com/pressroom/article/irs-modifies-notice-2010-59-to-allow-debit-card-purchases-of-otc-medicines-and-drugsThu, 23 Dec 2010 00:00:00 GMTWisconsin Governor-elect Scott Walker said he would propose removing state income taxes on health savings accounts during a special economic development session in January. Wisconsin currently does not allow its citizens to deduct their HSA contributions from their state taxes, as federal law already allows. Wisconsin is one of only four states that still tax HSA contributions.http://www.discoverybenefits.com/pressroom/article/new-wisconsin-governor-proposes-to-end-state-taxation-of-hsasMon, 20 Dec 2010 00:00:00 GMTPresident Obama signed into law this afternoon the new tax bill that included the extension of the transit-parking parity rules for another year. For 2011, the parking and the mass transit limit will now be $230 per month. The extension of the parity rules begins to apply January 1, 2011. http://www.discoverybenefits.com/pressroom/article/president-obama-signs-tax-bill---includes-extension-of-transit-parity-rulesFri, 17 Dec 2010 00:00:00 GMTThe tax bill to extend the Bush tax cuts that recently passed in the Senate contained an extension of the $230 mass transit maximum for one year, keeping the maximum in line with the current parking maximum. The bill passed in the House late Thursday evening, December 16, and is now on its way to the president for signature. Once signed, the current transit maximum will be extended through December 31, 2011. http://www.discoverybenefits.com/pressroom/article/transit-maximum-extension-passed-in-the-house-and-senateThu, 16 Dec 2010 00:00:00 GMTThe IRS released Notice 2010-94 which delays the effective date of Revenue Ruling 2006-57. Revenue Ruling 2006-57 provides guidance to employers on the use of smartcards, debit or credit cards, or other electronic media to provide qualified transportation fringes under sections 132(a)(5) and (f) of the Code. Notice 2010-94 is intended to provide relief to mass transit providers that have been unable to update their systems in order to comply with the Revenue Ruling guidelines prior to the current effective date of January 1, 2011. The effective date of Revenue Ruling 2006-57 is further delayed until January 1, 2012. http://www.discoverybenefits.com/pressroom/article/irs-delays-effective-date-of-revenue-ruling-2006-57---use-of-debit-cards-for-transportation-plansThu, 16 Dec 2010 00:00:00 GMTThe American Recovery and Reinvestment Act of 2009 (ARRA) temporarily increased the transportation benefit maximum to $230 per month. This increase is set to expire on December 31, 2010. At this time there is no clear plan as to when, or even if, a tax bill will move through Congress after the mid-term elections that would extend the increased transit benefit amount so remains on par with the maximum benefit allowed for parking. We've been told that extending parity between the two benefits, and making it permanent, is a high priority for the current Congress. However, the likelihood of there being a tax bill is doubtful at this point. Many in the industry are working with Congress to explore all options, and while we wish there was a definitive answer, the simple answer is that right now we still do not know for sure. If Congress fails to move on a tax bill and extend parity, the transit and vanpool levels will drop back down to the $120 per month level (a cost of living adjustment may apply that raises it $5 or so a month) until action is taken. We do not expect any further change in the situation until after the elections and will keep you updated as soon as new information is available. http://www.discoverybenefits.com/pressroom/article/increased-transit-maximums-set-to-expire-12312010Thu, 04 Nov 2010 09:02:51 GMTSIGIS SAN RAMON, Calif. - September 20, 2010 - In response to new IRS guidance issued on Friday, September 3, 2010, SIGIS is making significant changes to its Eligible Products List(c). The guidance, issued by the IRS in Notice 2010-59 in response to changes made by the Affordable Care Act, requires a doctor's prescription for the reimbursement of over-the-counter (OTC) drug and medicines from health plans and tax-advantaged health care accounts. Based on this IRS guidance, the SIGIS Eligible Products List committee completed a thorough review of The List and determined that just over 15,000 items are impacted and will need to be removed. Even after this significant reduction, over 27,000 OTC items remain on the list for purchase without a prescription and through a Health Care Debit Card at SIGIS-certified merchants without the need for further substantiation. Items that continue to be eligible without a prescription include insulin, medical devices (crutches, blood sugar monitors, etc.), bandages, contact lens solution, and denture bond, as examples. http://www.discoverybenefits.com/pressroom/article/sigis-completes-review-of-eligible-products-list-following-new-irs-guidanceWed, 22 Sep 2010 11:14:08 GMTDiscovery Benefits is pleased to announce it was named an Innovative Solutions Provider Award winner by CDHC Solutions magazine. CDHC Solutions is the leading business magazine focusing on innovative consumer driven health care solutions for employers, HR decision makers, health plans, brokers, and TPAs. The CDHC article is shown below: Customer Service Improves with Innovative Solutions Discovery Benefits leverages the expertise of its employees along with leading-edge technology to successfully create new opportunities. Ongoing regulatory changes coupled with a highly competitive industry and price points that remain relatively unchanged from 15 years ago require a nimble, adaptive, customer-centric culture in order to stay competitive and profitable. Key reasons for implementing new technology at the third party administrator include a desire to diversify and create new opportunities and more efficient and effective operations. John Biwer, the company?s president, helps lead the teams in the company?s objective of providing innovative solutions and extraordinary customer service. Discovery has seen tremendous growth due in large part to its employees? acceptance of and push for change, the engine behind the company?s innovation. Employees accept change as an opportunity to grow and know that in order to innovate effectively, any insight gained must be put into action to make a genuine difference. The ability to adapt and accept new responsibilities, new team configurations, and new job functions is what allows the action to occur quickly and efficiently. http://www.discoverybenefits.com/pressroom/article/discovery-benefits-wins-cdhc-solutions-magazine-innovative-solutions-provider-awardThu, 16 Sep 2010 14:30:09 GMTOver the Labor Day weekend the IRS issued 2010-59 which included guidance regarding OTC. The pertinent points are summarized below: - OTC rule Applies to FSAs, HRAs and HSAs. - Effective for OTC medicine and drug purchases January 1, 2011 or later. Not based on plan year. OTC purchased prior to January 1, 2011 and submitted for reimbursement after that date do not require a prescription. - A doctor's prescription is required just like for prescription drugs (meets the legal requirements of a prescription in the state in which the medical expense is incurred and that is issued by an individual who is legally authorized to issue a prescription in that state). http://www.discoverybenefits.com/pressroom/article/irs-releases-2010-59-otc-guidanceTue, 07 Sep 2010 15:19:45 GMTDiscovery Benefits was recently named one of the Business Insurance Best Places to work in Insurance. The companies included on this list are to be celebrated as an elite group of employers that have created high-quality workplaces that encourage employees to thrive in a work environment they can love. Best Companies Group, an independent workplace excellence research firm that manages other regional and industry programs in the United States and Canada, managed the registration process, conducted the surveys, evaluated the data over several months and ultimately selected the firms that made the cut. The assessment was a two-part process. Part 1-responsible for 75% of a company's score involved a confidential 76-question Employee Engagement & Satisfaction Survey, which was used to evaluate employees' workplace experience and the company culture. The second part of the assessment, responsible for the remaining 25% of a company's score, was an employer questionnaire, which collected information about each company's benefit programs, policies, practices and other general information.http://www.discoverybenefits.com/pressroom/article/discovery-benefits-named-one-of-best-places-to-work-by-business-insuranceThu, 12 Aug 2010 09:19:36 GMTThe Patients' Freedom to Choose Act was introduced in the House Thursday, July 29, by Rep. Erik Paulsen (R-MN, 3) and a companion bill was introduced in the Senate by Senator Kay Bailey Hutchison (R-TX). The bills (H.R. 5923/S. 3673) would repeal the $2,500 cap on flexible spending accounts (FSAs) and the restrictions placed on the use of FSA and HSA dollars for reimbursement of over-the-counter drugs included in the health care reform law. We will keep you informed of any further developments.http://www.discoverybenefits.com/pressroom/article/patients-freedom-to-choose-act-introduced-in-house-and-senateFri, 30 Jul 2010 07:43:39 GMTThe Patients' Freedom to Choose Act was introduced in the House Thursday, July 29, by Rep. Erik Paulsen (R-MN, 3) and a companion bill was introduced in the Senate by Senator Kay Bailey Hutchison (R-TX). http://www.discoverybenefits.com/pressroom/article/Patients-Freedom-to-Choose-Act-introduced-in-House-and-Senate Fri, 30 Jul 2010 00:00:00 GMTAs of June 22, 2010, the COBRA subsidy has not been extended beyond May 31, 2010. Individuals who are involuntary terminated June 1, 2010 or later are not eligible to receive the subsidy. Sen. Robert Casey (D-PA) offered an amendment (S. Amt. 4371) to a stripped down version of a Senate tax-extender bill that would extend the COBRA premium subsidy program through November 2010. At this point it is unclear if the bill and its amendments will pass.http://www.discoverybenefits.com/pressroom/article/cobra-subsidy-not-extended-for-nowTue, 22 Jun 2010 15:01:16 GMTIn response to several lawsuits that have been filed as well as the requests of several Members of Congress, the Federal Trade Commission has further delayed the enforcement of the Red Flags Rule through December 31, 2010. The Red Flags Rule became effective on January 1, 2008, with full compliance for all covered entities originally required by November 1, 2008. However, the FTC has delayed the enforcement of the rule several times. The latest enforcement delay was scheduled to expire on June 1, 2010. http://www.discoverybenefits.com/pressroom/article/red-flag-rules-delayed-through-december-31-2010Tue, 01 Jun 2010 10:42:50 GMTThe IRS released Revenue Procedure 2010-22 that provides the 2011 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under Section 223 of the Internal Revenue Code. The amounts for 2011 are unchanged from the amounts for 2010 because, after the application of the cost-of-living adjustment rules of Section 223(g) (including the rounding rule of Section 223(g)(2)), the changes in the Consumer Price Index for the relevant period do not result in changes to the amounts for 2011. http://www.discoverybenefits.com/pressroom/article/irs-releases-2011-hsa-plan-limits-no-changes-from-2010Mon, 24 May 2010 15:44:06 GMTBy John Hickman, Esq. and Ashley Gillihan, Esq., Alston & Bird, LLP The agencies (Treasury, Labor, and HHS) issued regulations yesterday regarding PPACA's new requirement on group health plans that offer coverage of dependent children to extend coverage to children up to age 26. This rule applies to health coverage (including grandfathered plans) other than HIPAA excepted benefits.http://www.discoverybenefits.com/pressroom/article/agencies-provide-guidance-with-regard-to-requirement-to-extend-coverage-to-adult-dependent-childrenMon, 17 May 2010 14:26:27 GMTThe IRS released Notice 2010-38 April 27, 2010 clarifying the expanded health care tax exclusion for children through the end of the calendar year in which a child turns age 26 as added by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act. The Act expanded the definition of "dependent" for purposes of tax free health coverage under Code Sections 105 [accident and health coverage], 401(h) [health care accounts in pension plans], 501(c )(9) [VEBAs] and 162 [self employed deduction] to include Adult Children. This expansion, which was effective March 30, 2010, will have an immediate impact on plans that define eligibility based on reference to the definition of health care dependent found in Section 105(b) of the Code including many health flexible spending arrangements (FSAs) and health reimbursement arrangements (HRAs). This expansion overlaps with (but differs slightly from) the health insurance coverage mandate under the Act that requires "group health plans" to provide coverage of children to age 26 (this insurance reform is effective for plan years beginning on or after September 23, 2010). Source: ECFC, John Hickman and Ashley Gillihan, Alston & Bird, LLPhttp://www.discoverybenefits.com/pressroom/article/tax-free-reimbursement-for-adult-children-up-to-age-27Tue, 27 Apr 2010 16:44:35 GMTOn March 23, 2010 President Obama signed the Patient Protection and Affordable Care Act (commonly referred to as health care reform) that includes changes to the classification of over-the-counter (OTC) drugs, medicines and biologicals as eligible expenses for reimbursement from flexible spending accounts, health reimbursement arrangements and health savings accounts. Below is a summary of the change in the law and how it impacts your plan and employee reimbursement.http://www.discoverybenefits.com/pressroom/article/january-1-2011-changes-to-over-the-counter-eligibility-for-reimbursementFri, 16 Apr 2010 15:42:10 GMTOn April 15, 2010, the Senate passed HR 4851, the Continuing Extension Act of 2010, which included an extension of the COBRA subsidy. Later, the House approved the bill as well, and President Obama signed the measure later the same evening. The bill extends the end of the COBRA subsidy period from March 31, 2010 to May 31, 2010. It is likely that Congress will continue the approach of short-term fixes, rather than a longer extension for the remainder of the year. Discovery will continue to keep you updated as legislative changes are passed. http://www.discoverybenefits.com/pressroom/article/cobra-subsidy-extended-to-may-31-2010Fri, 16 Apr 2010 15:39:11 GMTSunday night, March 21, 2010, the House of Representatives approved H.R. 3590, the Patient Protection and Affordable Care Act by a vote of 219 to 212. Following that vote, the House adopted H.R. 4782, the reconciliation package, which makes a number of changes to H.R. 3590, by a vote of 220 to 211. H.R. 3590 will now go to President Obama for his signature and enactment into law. H.R. 4782 will be sent to the Senate, which expects to begin consideration of the measure possibly today.http://www.discoverybenefits.com/pressroom/article/health-care-reform-passes-consideration-of-reconciliation-package-in-senate-to-begin-soonMon, 22 Mar 2010 11:33:12 GMTPresident Obama has signed the Temporary Extension Act of 2010 (H.R. 4691), approving a stopgap, 31-day extension of federal subsidies of COBRA health care premiums as allowed under The American Recovery and Reinvestment Act of 2009 (ARRA).http://www.discoverybenefits.com/pressroom/article/cobra-temporary-extension-act-of-2010Wed, 03 Mar 2010 15:16:36 GMTThe Department of Labor released December 23, 2009 this summary of the changes made to the COBRA subsidy that were contained in the Department of Defense Appropriations Act, 2010 (2010 DOD Act). The DOL expects to provide updated FAQs and other information next week. We will provide updated FAQs on our web site once the DOL has provided its FAQs.http://www.discoverybenefits.com/pressroom/article/dol-summarizes-cobra-subsidy-extension-contained-in-2010-dod-actThu, 24 Dec 2009 11:13:19 GMTPresident has signed the Fiscal Year 2010 Defense Appropriations Act. The act extends the eligibility period for the ARRA premium reduction for an additional two months (through Feb ruary 28, 2010) and the maximum period for receiving the subsidy for an additional six months (from nine to 15 months). The key provisions of the extension are as follows: http://www.discoverybenefits.com/pressroom/article/updated-cobra-subsidy-extension-enactedTue, 22 Dec 2009 09:17:56 GMTSource: Kilpatrick Stockton Saturday night, November 7, 2009 the House passed by a margin of only 5 votes its version of health care reform. A number of minor amendments were adopted at the last minute, and we understand that a final version of the bill will not be available today. The action now moves to the Senate where the Senate is still trying to craft a compromise bill between the two competing bills from the Senate HELP committee and the Senate Finance Committee. If a compromise bill can be crafted and brought to the Senate floor, then debate must be scheduled and the bill must be brought up for a vote. Assuming a compromise Senate bill is passed by the Senate, then the differences between the two bills will need to be worked out in a special House-Senate conference committee. The differences between the two bills are fundamental and substantial, and therefore it is unclear whether a final bill could be voted on before Christmas. http://www.discoverybenefits.com/pressroom/article/recap-of-house-health-reform-bill-november-9-2009Mon, 09 Nov 2009 13:22:34 GMTTwo separate bills have now been introduced, one which is more expansive than the other. The smaller of the two bills is HR 3966, which would only extend the ARRA subsidy for involuntary terminations and loss of coverage occurring through June 30, 2010.http://www.discoverybenefits.com/pressroom/article/congress-working-on-cobra-subsidy-expansion-billsThu, 05 Nov 2009 08:24:37 GMTAt the request of Members of Congress, the Federal Trade Commission is delaying enforcement of the "Red Flags" Rule until June 1, 2010, for financial institutions and creditors subject to enforcement by the FTC.http://www.discoverybenefits.com/pressroom/article/ftc-extends-enforcement-deadline-for-identity-theft-red-flags-ruleTue, 03 Nov 2009 09:36:04 GMTThe IRS has released the 2010 cost-of-living adjustments (COLAs) for qualified transportation fringe benefits, adoption assistance and dependent care plans. Qualified Transportation Fringe Benefits. For 2010, the monthly limit on the amount that may be excluded from an employee's income for qualified parking benefits will be $230, which is unchanged from the 2009 limit. The combined limit for transit passes and vanpooling expenses is also unchanged at $230 due to the American Recovery and Reinvestment Tax Act of 2009 (ARRA), which requires that the two limits be the same through December 2010. Adoption Assistance Exclusion/Adoption Credit. The maximum amount that may be excluded from an employee's gross income under an employer-provided adoption assistance program (under Code Section 137 ) for the adoption of a child will be $12,170 for 2010 (a $20 increase from 2009). In addition, the maximum adoption credit allowed to an individual (under Code Section 23 ) for the adoption of a child will be $12,170 for 2010. Both the exclusion and the credit will begin to be phased out for individuals with a modified adjusted gross income greater than $182,520 ($340 higher than 2009), and will be entirely phased out for individuals with a modified adjusted gross income of $222,520 or more (also $340 higher than 2009). DCAPs. The $5,000/$2,500 DCAP limit has not changed?it is a non-indexed limit. But some general 2010 tax limits are relevant to the federal income tax savings under a DCAP?these include the 2010 tax rate tables, the personal exemption amount, and the standard deduction amounts. There are also new limits for the earned income credit and the child tax credit (including temporary changes under ARRA). These amounts are relevant when calculating a participant's federal income tax savings from claiming the dependent care tax credit (DCTC) versus participating in a DCAP.http://www.discoverybenefits.com/pressroom/article/2010-transportation-adoption-assistance-and-dependent-care-plan-limitsFri, 16 Oct 2009 08:19:06 GMTOn September 16, 2009, Senate Finance Committee Chairman Max Baucus (D-MT) made it clear that he intends to fund health care reform by restricting access and reducing the value of your flexible spending account (FSA). We need your help to help protect FSAs. Specifically, Sen. Baucus proposes: Imposing a $2,500 cap on contributions to FSAs which will force many to pay higher taxes and health care costs. This includes individuals and families battling chronic conditions that rely on their FSAs to cover out-of-pocket expenses for ongoing care and medical supplies. Lumping FSAs together with major medical plans and including the benefit in an excise tax on high-cost insurance plans. Ultimately, this could discourage some employers from offering the benefit. Limiting the use of FSAs for over-the-counter medications unless you have a doctor's prescription At the same time, we are fighting back a proposal approved by the House Ways and Means Committee that bans using money set aside in FSAs to buy over-the-counter medications such as aspirin and allergy medications. Even if you've already emailed and called your elected representatives, we encourage you go to WWW.SAVEMYFLEXPLAN.ORG to send another email and make another phone call on the new pending proposals. The threat to FSAs is real and your voice will make a difference. Thanks in advance for your support.http://www.discoverybenefits.com/pressroom/article/senate-legislation-poses-new-threat-to-flexible-spending-accounts-contact-your-elected-representatives-to-make-your-voice-heardTue, 29 Sep 2009 15:13:17 GMTThe state of Minnesota recently added a new provision in their state human services bill to provide an additional state subsidy to cover 35% of COBRA premiums for certain low income individuals living in Minnesota, who are also eligible for the federal COBRA subsidy. To collect the state subsidy, an individual must: > Sign up for COBRA health care coverage on a timely basis, AND > Be eligible for the federal COBRA subsidy, AND > Meet the income and asset limits for a Minnesota health care program.http://www.discoverybenefits.com/pressroom/article/minnesota-adds-additional-state-subsidy-cobra-premiumsMon, 03 Aug 2009 10:52:42 GMTAs you may know, the IRS issued new regulations in 2007 limited the use of health FSA debit cards to health-care related merchants and merchants who have an Inventory Information Approval System (IIAS) in place. IIAS is an automated system put in place by a merchant that approves eligible medical expenses at the point of purchase by matching the item's SKU to a list of eligible expenses. Overall, IIAS has been a great success by helping to reduce the substantiation participants need to submit under the IRS guidelines. A special transition period is in place that allows use of the debit card at pharmacies and drugstores as health-care related merchants. This special transition period is to end June 30, 2009.http://www.discoverybenefits.com/pressroom/article/pharmacies-and-drugstores-iias-transition-period-expires-june-30-2009Tue, 16 Jun 2009 16:03:20 GMTHealth care reform is inevitable and it will happen this year. This is what we are hearing from key Senators and Representatives. Based on conversations we have had with Congressional top aides, we agree that there will be a health care reform bill this year. How health care reform is financed is a key part of the equation and we are asking for your help to contact your Senators and Representatives with your input.http://www.discoverybenefits.com/pressroom/article/health-care-reform-initiative-contact-your-congressional-leaders-todayFri, 12 Jun 2009 08:37:48 GMTThe IRS released Revenue Procedure 2009-29 announcing the inflation adjusted amounts for 2010 HSAs.http://www.discoverybenefits.com/pressroom/article/2010-hsa-maximums-released-in-revenue-procedure-2009-29Fri, 15 May 2009 08:17:03 GMTThe IRS updated its Health Care Tax Credit (HCTC) web site (http://www.irs.gov/individuals/article/0,,id=109960,00.html) with information about the interaction of HCTC and The American Recovery and Reinvestment Act (ARRA). ARRA temporarily changed benefits provided under HCTC. The changes to HCTC (including the new timeframes for extended COBRA benefits) will expire on December 31, 2010. They are only valid for the remainder of 2009 and 2010.http://www.discoverybenefits.com/pressroom/article/irs-updates-web-site-health-care-tax-credit-and-american-recovery-and-reinvestment-actWed, 29 Apr 2009 10:53:04 GMTCaremark asked us to make our clients aware of a scenario in which IIAS will not apply. Caremark allows certain participants to purchase items and pay later. Essentially Caremark fulfills and ships their prescription but bills the participant at a later date. Due to the fact that these purchases are not paid for in real-time, Caremark does not feel that IIAS can apply in these cases. In order to manage these, Caremark has coded their systems to not accept benefit-related debit cards for these purchase types. Instead participants will be asked to present another form of payment. Therefore if a participant purchases a prescription and pays for it after they receive it, they will not be able to use their benefits debit card.http://www.discoverybenefits.com/pressroom/article/update-caremark-and-iiasFri, 03 Apr 2009 08:26:18 GMTThe IRS released Notice 2009-27 that provides definitions of involuntary termination for purposes of determining who is an assistance eligible individual (AEI) and therefore eligible for the ARRA subsidy.http://www.discoverybenefits.com/pressroom/article/irs-releases-definition-of-involuntary-termination-arra-subsidyFri, 03 Apr 2009 08:00:45 GMTInformation from http://www.dol.gov/ebsa/COBRAmodelnotice.html: ARRA mandates that plans notify certain current and former participants and beneficiaries about the premium reduction. The Department created model notices to help plans and individuals comply with these requirements. Each model notice is designed for a particular group of qualified beneficiaries and contains information to help satisfy ARRA's notice provisions. http://www.discoverybenefits.com/pressroom/article/dol-releases-arra-model-notices-3-19-09Thu, 19 Mar 2009 08:00:07 GMTThe IRS has posted on its website 14 new Q&As to help employers claim the payroll tax credit for COBRA premium assistance payments made pursuant to the American Recovery and Reinvestment Act of 2009 (ARRA). The employer may recover the subsidy provided to assistance-eligible individuals (AEIs) by taking the subsidy amount as a credit on its quarterly employment tax return. The employer may provide the subsidy and take the credit on its employment tax return only after it has received the 35 percent premium payment from the individual. The IRS web site address for this information is: www.irs.gov/newsroom/article/0,,id=204708,00.html.http://www.discoverybenefits.com/pressroom/article/irs-posts-qa-on-how-to-claim-cobra-subsidy-tax-credit-arraFri, 13 Mar 2009 11:02:55 GMTCMS announced last week (March 5, 2009) that it has delayed the reporting of HRA coverage information until the fourth quarter of 2010 (October - December 2010). CMS granted this extension to give Responsible Reporting Entities (RREs) time to gather the necessary information to report on HRA coverage. CMS has said it will provide further instructions on reporting HRA coverage at a later date. http://www.discoverybenefits.com/pressroom/article/medicare-secondary-payer-mandatory-reporting-requirements-for-health-reimbursement-arrangements-delayedFri, 13 Mar 2009 10:42:57 GMTThe following information can be found at the IRS web site: http://www.irs.gov/newsroom/ IRS Form 941 and 941 instructions can be found on Discovery's web site under COBRA Printable Forms. COBRA: Answers for Employers Under the American Recovery and Reinvestment Act of 2009, certain individuals who are eligible for COBRA continuation health coverage, or similar coverage under State law, may receive a subsidy for 65 percent of the premium. These individuals are required to pay only 35 percent of the premium. The employer may recover the subsidy provided to assistance-eligible individuals by taking the subsidy amount as a credit on its quarterly employment tax return. The employer may provide the subsidy and take the credit on its employment tax return only after it has received the 35 percent premium payment from the individual. http://www.discoverybenefits.com/pressroom/article/irs-releases-information-to-help-employers-claim-cobra-medical-coverage-credit-on-payroll-tax-formThu, 26 Feb 2009 10:49:06 GMTEffective March 1, 2009, The American Recovery and Reinvestment Act of 2009 (ARRA) amends Code Section 132(f)(2) to provide that the monthly statutory limit for qualified mass transit and van pooling benefits (combined) is raised from $120 to $230 per month, which is the monthly statutory limit for qualified parking expenses. ARRA contains a sunset provision so that the increase in the monthly limit will expire on December 31, 2010 unless it is extended in future legislation.http://www.discoverybenefits.com/pressroom/article/arra-amends-code-section-132-temporary-increase-in-transit-monthly-maximumWed, 25 Feb 2009 08:17:21 GMTVisit Discovery Benefits' COBRA Printable Form section for PDF versions of Frequently Asked Questions (FAQs) for both employers and qualified beneficiaries. The FAQs will be updated as additional guidance is received. Also added to our web site are the revised 941 forms and instructions released by the IRS yesterday.http://www.discoverybenefits.com/pressroom/article/arra-cobra-subsidy-program-updateTue, 24 Feb 2009 16:55:14 GMTThe Senate approved the $787 billion economic stimulus package Friday. President Obama is expected to sign the stimulus bill into law Tuesday, February 17. Discovery Benefits is tracking the bill very closely and will be communicating with its clients the details of the COBRA provisions and the next steps to take once the final bill is signed.http://www.discoverybenefits.com/pressroom/article/senate-approves-787-billion-economic-stimulus-package-cobra-provisions-includedSun, 15 Feb 2009 09:44:39 GMTYesterday, the stimulus package made it through the Conference Committee and now heads back to the House and Senate for a final vote. The legislation prepared by Congressional staff indicates that the agreement calls for the following with respect to COBRA: http://www.discoverybenefits.com/pressroom/article/economic-stimulus-bill-update-cobraFri, 13 Feb 2009 15:14:58 GMTThe Senate has just voted to approve the Senate's version of the economic stimulus package. The next step is a House-Senate conference committee, which will seek to reconcile the differences in the two bills, including the differences with respect to the COBRA changes.http://www.discoverybenefits.com/pressroom/article/senate-passes-economic-stimulus-package-cobra-subsidy-includedTue, 10 Feb 2009 15:09:26 GMTThe Senate COBRA premium subsidy provisions, agreed to over the weekend by a bipartisan panel of Senate negotiators, were changed from the provisions approved earlier by the Senate Finance Committee.http://www.discoverybenefits.com/pressroom/article/senate-version-of-the-stimulus-bill-changes-cobra-subsidyTue, 10 Feb 2009 07:58:59 GMTOn Tuesday, January 27, 2009 the Senate Finance Committee approved a measure that would provide temporary federal COBRA insurance premium subsidies. The Senate provision is more limited than COBRA changes approved last week by the House Ways and Means Committee, which is headed to a vote by the full House sometime this week.http://www.discoverybenefits.com/pressroom/article/senate-finance-committee-approves-cobra-subsidy-measureTue, 10 Feb 2009 07:58:17 GMTThe following is a short synopsis of the changes to COBRA legislation currently included in the different versions of the House and Senate economic stimulus legislation.http://www.discoverybenefits.com/pressroom/article/summary-cobra-legislative-changes-included-in-house-and-senate-economic-stimulus-legislationFri, 06 Feb 2009 14:41:21 GMTThe Senate version of the Stimulus Bill included a provision that would temporarily increase the amount excludable each month under Code Section 132 for transit benefits from $120 to $230--- the same as parking. http://www.discoverybenefits.com/pressroom/article/senate-version-of-stimulus-bill-temporarily-increases-transit-benefitTue, 03 Feb 2009 16:06:12 GMTIncluded in the $825 billion economic stimulus package is an expansion of COBRA continuation coverage. Under the measure, H.R. 598, employees who stop working at age 55 could keep COBRA coverage until they were eligible for Medicare at age 65, regardless of the length of time they worked for the employer. Any employee who worked for an employer for at least 10 years could also keep COBRA until eligible for Medicare.http://www.discoverybenefits.com/pressroom/article/cobra-expansion-approved-by-the-house-ways-and-means-committee-january-22-2009Fri, 23 Jan 2009 08:50:11 GMTSection 111 of the Medicare, Medicaid, and SCHIP Extension Act of 2007 (MMSEA) has added new mandatory reporting requirements for group health plan arrangements. The definition of group health plan arrangements includes Health Reimbursement Arrangements (HRAs). It does not include flexible spending accounts or health savings accounts. As administrator for HRA plans, Discovery will be required to report information on a quarterly basis for all active covered individuals (HRA participants), as well as information about their spouse and dependents, to the Centers for Medicare & Medicaid Services (CMS). Much of this information is not currently collected by Discovery, necessitating action on the part of employers to collect the required information from employees and submit this information to Discovery.http://www.discoverybenefits.com/pressroom/article/medicare-secondary-payer-mandatory-reporting-requirements-for-health-reimbursement-arrangementsThu, 22 Jan 2009 12:13:41 GMTFor plan years effective 1/1/2009 and later, employers may reimburse employees up to $20 a month to ride their bicycle to work. Unlike the transit and parking account options, the Bicycle Commuting Reimbursement option is 100% employer funded. No employee salary reductions are allowed.http://www.discoverybenefits.com/pressroom/article/bicycle-commuting-reimbursement-added-to-transportation-fringe-benefit-plansMon, 17 Nov 2008 08:26:24 GMTThe IRS released the 2009 cost-of-living adjustments for transportation fringe benefits and adoption assistance programs.http://www.discoverybenefits.com/pressroom/article/irs-releases-2009-cost-of-living-adjustments-for-transportation-benefits-and-adoption-assistanceFri, 17 Oct 2008 14:01:32 GMTThe purpose of IRS Notice 2008-74 is to delay the effective date of Revenue Ruling 2006-57 until January 1, 2010.http://www.discoverybenefits.com/pressroom/article/irs-notice-2008-74-delays-transportation-debit-card-regulationsWed, 03 Sep 2008 13:20:03 GMTThe Treasury and IRS have released the 2009 inflation adjusted amounts for Health Savings Accounts under Code Sec. 223(g).http://www.discoverybenefits.com/pressroom/article/2009-hsa-maximums-announcedMon, 28 Jul 2008 08:10:10 GMTOn June 17th, President Bush signed the Heroes Earnings Assistance and Relief Tax Act of 2008 (the "HEART" Act), passed by Congress last May. Included in the HEART Act is a provision that permits special distributions from health flexible spending arrangements (FSA) to employees who are called to active military service.http://www.discoverybenefits.com/pressroom/article/heroes-earnings-assistance-and-relief-tax-act-signed-by-president-bushThu, 17 Jul 2008 14:00:54 GMTDue to recent gasoline price increases, the IRS has announced in Announcement 2008-63 dated June 24, 2008, an eight-cent mid-year increase in the standard mileage rate for calculating the cost of using an automobile to obtain medical care. (Such use may be deductible under Code Section 213 if it is primarily for, and essential to, medical care.)http://www.discoverybenefits.com/pressroom/article/irs-announces-mid-year-increase-in-mileage-rates-for-transportation-to-obtain-medical-careFri, 27 Jun 2008 07:54:44 GMTThe Treasury Department and the Internal Revenue Service released Notice 2008-59 on June 25, 2008. A summary of the Notice is included here.http://www.discoverybenefits.com/pressroom/article/summary-of-notice-2008-59-guidance-on-health-savings-accountsThu, 26 Jun 2008 11:22:32 GMTThe Treasury Department and the Internal Revenue Service today (6/25/2008) released Notice 2008-59, which provides employers and employees with a new set of formal questions and answers on Health Savings Accounts (HSAs). http://www.discoverybenefits.com/pressroom/article/treasury-department-releases-new-guidance-on-health-savings-accounts-6252008Wed, 25 Jun 2008 14:28:21 GMTKevin Knopf of the Treasury, speaking last Friday (June 6, 2008) at the NAPBA Owners Conference (National Association of Professional Benefits Adminsitrators)http://www.discoverybenefits.com/pressroom/article/new-cafeteria-plan-regulations-may-be-2010Fri, 20 Jun 2008 09:39:01 GMTThe Internal Revenue Service released final regulations providing guidance on employer "comparable" contributions to Health Savings Accounts (HSA) where: (1) an eligible employee has not established an HSA by December 31; (2) the employer has no notice of the establishment of such HSA by December 31; or (3) an employer accelerates comparable contributions for the calendar year for eligible employees who have incurred qualified medical expenses that exceed the cumulative employer contributions at the time. The final regulations were effective April 17, 2008 and are applicable to employer contributions made for calendar years beginning on or after January 1, 2009. The HSA comparability rules do not apply to employers who offer employees the opportunity to contribute to their HSA on a pre-tax basis through a cafeteria plan.http://www.discoverybenefits.com/pressroom/article/irs-releases-final-hsa-comparability-regulations-for-catch-up-and-accelerated-contributions-effective-for-calendar-years-beginning-on-or-after-january-1-2009Fri, 20 Jun 2008 09:30:03 GMTAs announced in IR 2008-68 (4/30/2008), the IRS will permit withdrawal of 2008 stimulus rebate payments that were made directly into an HSA because the taxpayer elected to have his or her 2007 tax refund directly deposited into that account. Withdrawal, which may be up to the amount of the rebate, must be made generally by the due date of the 2008 return, and won't be treated as either contributed to or distributed from the HSA. Instructions to Form 1040 will include information on reporting the withdrawal that will show it isn't subject to taxes or penalties. http://www.discoverybenefits.com/pressroom/article/irs-will-permit-tax-and-penalty-free-withdrawal-of-2008-stimulus-rebate-payments-that-were-made-directly-into-hsaFri, 20 Jun 2008 09:29:18 GMTThe US Patriot Act requires all financial institutions to obtain, verify and record information that identifies each person who opens a Health Savings Account.http://www.discoverybenefits.com/pressroom/article/us-patriot-act-health-savings-accountsFri, 20 Jun 2008 09:28:42 GMTDiscovery Benefits is hosting COBRA Web Demos twice a week. The demos will be held each Tuesday at 10:30 a.m. CST and Thursday at 3:30 p.m. CST. Registration is required for proper planning. To register, please email us at cobraemployerservices@discoverybenefits.com selecting the date and time that fits your schedule. To attend the demo, please follow the following instructions:http://www.discoverybenefits.com/pressroom/article/employers-sign-up-for-cobra-web-demosTue, 15 Apr 2008 14:45:11 GMTThe following transportation limits were announced for 2008. Parking - $220 Transit Passes and Vanpooling (combined) - $115 http://www.discoverybenefits.com/pressroom/article/2008-transportation-plan-limitsThu, 03 Apr 2008 13:21:24 GMTOn August 6, 2007, the IRS released new Section 125 proposed regulations to clarify and update cafeteria plan rules that have been in place for the last 23 years. The New Proposed Regulations replace previous "dash one" (1984) and "dash two" (1989) regulations. The New Proposed Regulations confirm what we already know, clarify rules and add new regulations. Below is a summary of the regulations as they are now published. The IRS has requested comments by November 5, 2007 in preparation for a hearing scheduled November 15, 2007. Final regulations will be released once the input has been reviewed. The effective date is for plan years beginning on or after January 1, 2009. However, the regulations may also be depended upon now.http://www.discoverybenefits.com/pressroom/article/irs-issues-new-proposed-regulations-for-cafeteria-plansTue, 25 Mar 2008 15:15:39 GMTThe following summarizes each of the changes in the new HSA regulations and provides examples to help in your understanding of how the changes are applied. There are requirements in the regulations that need to be considered and these are highlighted as well.http://www.discoverybenefits.com/pressroom/article/simplified-explanation-of-new-hsa-regulationsMon, 03 Dec 2007 10:49:26 GMTOn May 12, 2007, the IRS released cost-of-living adjusted HSA amounts applicable for 2008. The amounts for 2008 are as follows:http://www.discoverybenefits.com/pressroom/article/irs-releases-hsa-cost-of-living-adjustmentsFri, 08 Jun 2007 16:57:09 GMTThe IRS published Revenue Ruling 2006-57 describing the situations in which an electronic payment debit card may be used to make tax free payments for eligible transportation expenses. http://www.discoverybenefits.com/pressroom/article/irs-provides-guidance-on-use-of-electronic-payment-cards-with-transit-benefitsMon, 12 Mar 2007 14:23:20 GMTAfter receiving input from the industry, the IRS released Notice 2007-2 that provides transition relief for using the Benefits Debit Card at grocery stores, discount stores and wholesale clubs announced in Notice 2006-69.http://www.discoverybenefits.com/pressroom/article/irs-provides-transition-relief-for-debit-card-changesTue, 06 Mar 2007 10:58:02 GMTThe IRS issued Notice 2007-22 providing guidance on health FSA and HRA Qualified HSA Distributions.http://www.discoverybenefits.com/pressroom/article/fsa-or-hra-balance-rollover-to-hsa-summary-of-irs-notice-2007-22Tue, 06 Mar 2007 10:19:48 GMTEffective the middle of March 2007, Discovery will no longer ask for substantiation for debit card transactions from Wal-Mart or Sam's Club.http://www.discoverybenefits.com/pressroom/article/exciting-news-for-benefits-debit-cardholdersFri, 23 Feb 2007 16:33:40 GMTWal-Mart and Sam's Club have implemented the Inventory Information Approval System (IIAS) which will now allow for their stores to auto-adjudicate prescription and Over-the-Counter (OTC) purchases made with the Benefits Debit Card.http://www.discoverybenefits.com/pressroom/article/wal-mart-and-sams-club-implement-inventory-information-approval-system-iiasFri, 23 Feb 2007 16:31:23 GMTHEALTH SAVINGS ACCOUNT PROVISIONS The Tax Relief and Health Care Act of 2006 also contains a package of provisions designed to improve Health Savings Accounts (HSAs). The bill passed both the House and Senate on Saturday and is now on its way to President Bush for signature.http://www.discoverybenefits.com/pressroom/article/health-savings-account-provisions-included-in-the-tax-relief-and-health-care-act-of-2006Thu, 21 Dec 2006 11:52:21 GMTDecember 20, 2006 Washington, DC- President George W. Bush signed the Health Opportunity Patient Empowerment Act of 2006 today, enhancing Americans' access to tax-advantaged health care savings. The law, part of the Tax Relief and Health Care Act of 2006, provides new opportunities for health savings account (HSA) participants' to build their funds. "Health savings accounts are improving the way Americans obtain the care they need. This bill makes HSAs more flexible and makes it easier for participants to put money aside for their personal health care funds," said Treasury Assistant Secretary for Tax Policy Eric Solomon.http://www.discoverybenefits.com/pressroom/article/president-bush-signs-health-opportunity-patient-empowerment-act-of-2006Thu, 21 Dec 2006 11:51:35 GMTThursday, December 7, 2006 WASHINGTON Today, Ways and Means Chairman Bill Thomas (R-CA) introduced H.R. 6408, the Tax Relief and Health Care Act of 2006. The bill reflects a compromise between House and Senate negotiators on legislation critical to American taxpayers. This legislation is a bipartisan compromise that is must-do work in Congress this year. It will prevent tax increases on millions of Americans and improve the Medicare program and use of taxpayer money, said Thomas. This is a good compromise that I hope to see the President sign into law before the end of the month. I urge my House and Senate colleagues to approve it quickly. The House is expected to consider this legislation in the near future.http://www.discoverybenefits.com/pressroom/article/hr-6408-taxhealth-package-bill-introduced-by-chairman-thomasFri, 08 Dec 2006 13:22:05 GMTThe Department of Labor issued Field Assistance Bulletin (FAB) 2006-02 October 27, 2006 the purpose of which was to follow up on earlier DOL guidance concerning when ERISA applies to HSAs (FAB 2004-1). FAB 2006-02 addresses a number of "recurring questions about the guidance and evolving practices regarding the offering of HSAs." http://www.discoverybenefits.com/pressroom/article/health-savings-accounts-erisa-qs-asWed, 01 Nov 2006 13:29:27 GMTA bill that would allow more people to use health savings accounts (HSAs) passed the Ways and Means Committee in the U.S. House of Representatives on September 27, clearing the way for a full floor vote after the November elections. The bill, H.R. 6134, sponsored by Reps. Eric Cantor (R-VA) and Paul Ryan (R-WI), suggests several improvements to the existing HSA law passed in 2004. It passed the committee on a 24-14 vote.http://www.discoverybenefits.com/pressroom/article/hr-bill-6134-update-health-savings-accountWed, 01 Nov 2006 13:21:06 GMTWith plan year enrollment coming up, there is important information you need to know about your Benefits Debit Card. The IRS recently issued Notice 2006-69 that clarifies where debit cards may be used and the approved methods for auto-substantiating debit card transactions. In some cases the IRS Notice provided good news. In other cases, you will need to provide substantiation where none was requested in the past.http://www.discoverybenefits.com/pressroom/article/questions-and-answers-new-debit-card-guidanceThu, 26 Oct 2006 14:20:17 GMTThe IRS issued Notice 2006-69 that changes the way debit cards are used and how transactions are substantiated. In some cases the IRS Notice provided good news for debit cardholders. In other cases, cardholders will need to provide substantiation where none was requested in the past. Below is an explanation and summary of the Notice contents.http://www.discoverybenefits.com/pressroom/article/irs-debit-card-guidance-summary-2006-69Thu, 26 Oct 2006 14:15:24 GMTThere are limitations imposed on who is eligible for an HSA when the flex plan includes the grace period extension. Congress authorized the grace period option in 2005 to reduce the impact of the FSA forfeiture requirement. The grace period extension allows employees to incur expenses in the new plan year and be reimbursed from their prior flex account balance up to 2 1/2 months into the new plan year. If an employer's plan includes the full grace period extension, employees in the FSA may not enroll in an HSA until the grace period is over, which is April 1 for a calendar plan year.http://www.discoverybenefits.com/pressroom/article/implementing-hsas-when-the-fsa-has-a-grace-periodThu, 19 Oct 2006 16:38:51 GMTChief Deputy Majority Whip Eric Cantor (R-VA) introduced May 2, 2006 the Tax-Free Health Savings Act, H.R. 5262, to build on the success of Health Savings Accounts (HSAs). HSAs are allowing more Americans to access quality, affordable health care and have more control over their health care costs and decisions.http://www.discoverybenefits.com/pressroom/article/hr-5262-tax-free-health-savings-actThu, 19 Oct 2006 11:07:58 GMTA White House release dated January 31, 2006 summarized President Bush's health care initiatives in his State of the Union Address. President Bush wants to "make health care more affordable, portable, transparent, And efficient."http://www.discoverybenefits.com/pressroom/article/president-bush-discusses-health-savings-accounts-in-state-of-the-union-addressThu, 21 Sep 2006 15:48:46 GMTAccording to the GovTrack web site, this bill is in the first step in the legislative process. The bill remains in committee where it is determined whether the bill should be presented to the House as a whole. The Flex Health Savings Account Act of 2005, HR 4511 would permit the coordination of HSAs with FSAs and HRAs by allowing them to be used in conjunction with the qualified high deductible health plans.http://www.discoverybenefits.com/pressroom/article/update-flex-hsa-act-introduced-in-houseThu, 21 Sep 2006 15:48:37 GMTHealth and Human Services (HHS) recently published guidance regarding the three year reminder requirement for the Notice of Privacy Practices. This information is especially timely as the third anniversary of the compliance date of the HIPAA Privacy Rule nears. Those health plans that have not already reminded subscribers and enrollees in some manner of the availability of their Notice of Privacy Practices and how they may obtain a copy, must do so no later than April 14, 2006. For small health plans, the compliance date for the triennial reminder notice requirement is April 14, 2007. These plans can begin to prepare now to meet this requirement using the most efficient means, such as including the reminder notice of the availability of the Notice of Privacy Practices in open enrollment materials, a group health plan newsletter provided to all members, or similar all-member mailings.http://www.discoverybenefits.com/pressroom/article/hhs-publishes-guidance-on-the-hipaa-privacy-reminder-requirementThu, 21 Sep 2006 15:48:30 GMTHaving passed in both the House and Senate, the bill may proceed to a conference committee of senators and representatives to work out differences in the versions of the bill each chamber approved. The bill then awaits the signature of the President before becoming law. The Senate version S.1783 does not contain the FSA rollover feature that would allow up to $500 per year in medical flexible spending accounts (FSAs) to be rolled over into the following year. The House version H.R. 2830 does. http://www.discoverybenefits.com/pressroom/article/update-s-1783-and-hr-2830-500-fsa-rolloverThu, 21 Sep 2006 15:48:22 GMTDiscovery Benefits and Blue Cross Blue Shield of North Dakota (BCBSND) announce their agreement for the administration of employee flexible benefits programs and health savings accounts. http://www.discoverybenefits.com/pressroom/article/discovery-benefits-blues-renew-flex-benefits-contractThu, 21 Sep 2006 15:48:15 GMTIRS proposed regulations on dependent care expenses were published May 24, 2006, replacing regulations that were issued 22 years ago (44A). This new guidance has a direct impact on what expenses may qualify for reimbursement under a dependent care assistance program. The proposed regulations can be used now.http://www.discoverybenefits.com/pressroom/article/new-irs-regulations-on-dependent-care-expensesThu, 27 Jul 2006 10:43:29 GMTIf you are a participant in a flexible spending account, health reimbursement account or transportation account, Discovery can send directly to your email address quarterly statements of your account information and even let you know when we receive your claim and when your claim is paid.http://www.discoverybenefits.com/pressroom/article/email-notices-now-availableFri, 09 Jun 2006 09:19:53 GMT