Tag Archives: Employee-Benefits

Details Matter: Medical Plan Anti-Assignment Clauses Protect Employers

Details
Yes, details matter. This is true on many fronts, including whether the documents governing the medical plan offered to employees prohibit employees and their dependents from assigning their plan benefit rights to a health care provider.… Continue reading this entry

Tax Reform and Employee Benefits – What You Need to Know Now

Tax
As you have probably heard by now, the recently enacted Tax Cuts and Jobs Act (the Tax Reform Act) made significant changes to the Internal Revenue Code. With regard to executive compensation, the Tax Reform Act made widely publicized changes impacting public companies and nonprofit entities.  The new law also made changes affecting employer-provided retirement, … Continue reading this entry

How to Avoid Costly Beneficiary Designation Litigation – Helpful Hints for All Benefit Plans

Employer
When administering an employee benefits plan, it is critically important to provide clear and specific instructions as to how a participant can designate a beneficiary. A recent federal district court opinion in Florida demonstrates the potential pitfalls that plan administrators may face with respect to disputes over beneficiary status and provides guidance as to how administrators … Continue reading this entry

IRS Clarifies Taxability of Employee Benefits for Same-Sex Couples

Same-sex couples throughout the country celebrated the Supreme Court’s decision in US v. Windsor not only because it in many ways validated their relationships but also because it promised tangible tax and other financial relief afforded to married couples from which they had previously been excluded. But the decision, decided in the middle of the … Continue reading this entry