Cadillac Tax Fully Repealed

It was probably destined for this fate the whole time.  After two delays from the originally scheduled 2018 effective date, the Cadillac Tax will never see the light of day. The Cadillac Tax was officially repealed as part of the massive H.R. 1865 omnibus bill to be signed into law by President Trump today. The official […]

2019 Occupational Health and Safety Bulletin

Our Occupational Health and Safety team rounded up the year’s top stories in workers’ compensation, OSHA updates, and health and wellness. Check out the downloadable 2019 Year-End Review in which we discuss the following topics: Workers’ Compensation Trends and Updates – We dig into reports from the Bureau of Labor Statistics and the CA Dept. […]

Medical and Non-Medical Lactation Expenses

Question:  Which lactation expenses are eligible medical expenses for reimbursement under a FSA/HRA/HSA? Short Answer: Breast pumps, lactation supplies, and lactation consultant costs are eligible medical expenses that can be reimbursed through a FSA/HRA/HSA. General Rule: Expenses Must Qualify as §213(d) Medical Expenses A health FSA and HRA can reimburse only IRC §213(d) medical expenses.  […]

Bringing Financial Wellness to Your Workplace

Last week, I hosted ABD’s very first Financial Wellness webinar. As a member of ABD’s Financial Wellness Team, I spend my time working with companies to create and deliver meaningful financial wellness programs. It was a valuable experience sharing my insights regarding successful financial wellness initiatives with a wide array of employers. We covered a […]

HSA Establishment Date

Question:  When is an HSA established? Short Answer: The general rule is that an HSA is established when it is first funded, and individuals cannot take a tax-free distribution for medical expenses incurred prior to the HSA establishment date.   General HSA Establishment Rule: Ability to Incur Expenses That are Eligible for Tax-Free Medical Distributions […]

What Happens to an HSA upon Death

Question:  What happens to an HSA upon the HSA holder’s death? Short Answer: The HSA will preserve its tax-advantaged HSA status if the beneficiary is a spouse, otherwise the account will lose its tax-advantaged HSA status. General Rule: HSA Designed Beneficiary HSAs permit the HSA holder to designate a beneficiary to receive the account’s funds […]

Placing a Reps & Warranties Policy on a Short Time Frame

As a former Reps & Warranties underwriter and M&A lawyer, I vividly recall (and still take part in) the rush of last-minute deal flow. Early mornings, late nights, weekends, holidays – the M&A market does not stop. From a Reps and Warranties underwriting perspective, last-minute deal success is paramount. Because Reps and Warranties underwriters are […]

How Medicare Affects HSA Eligibility

Question:  How does Medicare enrollment affect HSA eligibility? Short Answer: Individuals who enroll in any part of Medicare lose HSA eligibility, which means they cannot make or receive HSA contributions. General Rule: HSA Eligibility The general rule is that an individual must meet two requirements to be HSA-eligible (i.e., to be eligible to make or […]

The Simple Secret to Achieving Goals

“Talent is overrated; mental strength is critical.”  This is the opening quote to an interesting article by James Clear, a noted Author of the New York Times best seller Atomic Habits.  Many view top performers in the workplace, in athletics, and in life, as gifted or talented.  While talent may have something to do with success, […]