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Everything You Need to Know About DCAP

Everything You Need to Know About DCAP

A Dependent Care Assistance Program is a tax-exempt benefit provided by employers to employees to help pay for the care of a dependent. It is a type of Flexible Spending Account (FSA) where you set aside tax-free dollars from your paycheck to use as payment for eligible daycare services. After paying for care and filing a claim, employees are reimbursed for the expenses incurred from the DCAP account.

Unlike FSAs, DCAP funds are available only as they are accrued, per payroll deduction. Funds do not roll over, so any remaining funds in the DCAP account are lost...

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Watch Out for the Most Common HIPAA Violations

Watch Out for the Most Common HIPAA Violations

There is a lot of conversation around what’s considered a violation of HIPAA rights and what is not. So, before we share the most common violations to be aware of, we feel we should first brief you on what HIPAA is and to whom it applies.

HIPAA stands for Health Insurance Portability and Accountability Act and intends to protect individuals' health information while allowing the flow of health information needed to provide high-quality healthcare. HIPAA consists of three parts: the Privacy Rule, the Security Rule, and the Breach Notification Rule.

Applies to:

...

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Earth Charter Leadership, Sustainability & Ethics Course

Earth Charter Leadership, Sustainability & Ethics Course

Do you want to make the world a more just and sustainable place? Do you want to make an impact on your local communities? We’re happy to announce that Earth Charter is starting their Leadership, Sustainability, and Ethics (LSE) class on September 27! The course is built to give our young leaders all the tools they need to be the ethical and sustainable leaders of tomorrow.

What is Earth Charter?

If you aren’t familiar with Earth Charter, it can be broken down into three main components: The Document, the Education Center, and the Global...

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New IRS Guidance on ACA Reporting

New IRS Guidance on ACA Reporting

Earlier this week, Medcom hosted a webinar with our Senior Legal Counsel, Michelle Barki. During the presentation, Michelle discussed a couple of things that signal major potential changes ahead for Affordable Care Act reporting. If you'd like to view the recording, register using this link. But we are also here to share a summary of Michelle's main points.

Safe Harbors - Little Faith in ALE Coding

As some of us know, Applicable Large Employers (companies with 50 or more team members) have two tax obligations under the IRS rules for the ACA. If ALEs...

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