Rep. Jim McDermott, D-Wash., has introduced bipartisan legislation that aims to bring parity and equal treatment under the tax code for health plan beneficiaries who are domestic partners and non-spouse dependents.
Rep. Jim McDermott, D-Wash., has introduced bipartisan legislation that aims to bring parity and equal treatment under the tax code for health plan beneficiaries who are domestic partners and non-spouse dependents.
Michael Cohn, editor-in-chief of AccountingToday.com, has been covering business and technology for a variety of publications since 1985. Prior to joining Accounting Today and WebCPA, he worked for … Read full bio
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President Donald Trump unveiled a federal plan offering government-backed retirement accounts with a $1,000 annual match for workers without employer-sponsored plans.
Companies with 10 or more workers would have to contribute at least 50 cents per hour worked to each employee's retirement account.
With upcoming changes due to the OBBBA, employers may find these plans to be financially beneficial and keep healthy employees from dropping coverage.
If passed, health insurance companies would have 15 days to pass information to employer health plans.
Much has been written recently about the increased scrutiny of employer's fiduciary responsibility related to the health and welfare plans offered to their employees.