Both companies and their C-suite executives should be mindful of the interactions between COBRA and Medicare and their implications when negotiating a severance or retirement arrangement. This is because Medicare enrollment can terminate COBRA coverage, depending on the timing of when an executive elects COBRA and when they enroll in Medicare, and because an executive
Cafeteria Plans
IRS Releases Annual Increases to Health FSA and Transportation Fringe Benefit Limits for 2024
By Justin Alex & Jesse T. Foley on
On November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The IRS did not increase the annual contribution limit for dependent care flexible spending accounts because that limit is not indexed to…
IRS Announces 2023 Increases to Health FSA and Transportation Fringe Benefit Limits
By Justin Alex & Jesse T. Foley on
On October 18th, the IRS announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The IRS did not increase the annual contribution limit for dependent care flexible spending accounts because that limit is not…
A Conjunction is Worth Thousands of Dollars: Recent Case Highlights Significance of “And” vs. “Or”
By Seth Safra, David B. Teigman, Aaron Weiss & Gregory Zeien on
You do not need a Lexis or Westlaw subscription to know that major cases and significant judgments have sometimes hinged on the meaning of a single word, or the placement of a single Oxford comma. We have a recent case to add to the list: Weinberg v. Waystar, Inc., et al., which was an…