The COBRA premium subsidy program, passed last February as part of the American Recovery and Reinvestment Act of 2009 (ARRA) to temporarily assist terminated employees continue employer health benefits, was extended by Congress and signed into law by President Obama.
The new legislation extends the eligibility window to those involuntarily terminated [...]
The Senate voted early Monday morning to end debate on their health reform bill. The Senate will vote on the bill itself just before Christmas, with passage considered very likely. The House passed its own version of reform earlier in the fall. As the next step, a Conference Committee will determine which aspects of each [...]
The Internal Revenue Service recently announced its 2010 adjustments and limits for retirement plans and other benefits. As illustrated below, few limits were changed from 2009. Limits of particular interest to Moreton & Company clients are listed below:
Retirement & Saving Plan Contributions
2009
2010
401(k)/403(b) Contributions
$16,500
$16,500
457(b) Limit
$16,500
$16,500
Catch-up Contributions
$5,500
$5,500
Compensation Limit
$245,000
$245,000
Highly [...]