MJ Insight

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Compliance
Compliance | Employee Benefits

NONDISCRIMINATION RULES FOR BENEFIT PLANS

Many employee benefits are excluded from employees’ gross income and, thus, are not taxable when specific conditions are met. One of these conditions is often some type of nondiscrimination requirement, which ensures that the benefit plan does not discriminate in (…)

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The image features the United States Capitol dome in Washington, D.C., with a small airplane flying in the background against a cloudy sky. The iconic structure showcases its intricate architectural details, symbolizing American democracy and government.
PUBLISHED June 16th, 2023

HSA CONTRIBUTIONS FOR ADULT CHILDREN ON PARENTS’ HEALTH COVERAGE

DeAnn Deck

Adult children who are covered under their parents’ high deductible health plans (HDHPs) may be eligible to establish their own health savings accounts (HSAs) …

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