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Benefits Bulletin                                           Second Quarter, 2011

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Greetings!

 

Your MacCorkle Team is happy to provide you with this quarterly summary of current issues that impact all in the Employee Benefits field - we encourage you to read this bulletin and engage your MacCorkle representative with any questions.

For Your Second Quarter Benefits Bulletin - Click Here!

    

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577 Airport Boulevard, Suite 500
Burlingame, CA  94010
650349-2364

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We are a full service insurance brokerage with over 40 years of experience serving clients in the Bay Area and beyond.


In This Issue:
IRS Announces Breast Pumps are Tax Deductible

 

On Feb. 10, 2011, the IRS issued Announcement 2011-14, in which it concluded that breast pumps and supplies that assist lactation qualify as "medical care" under Section 213(d) of the Internal Revenue Code (the Code). The IRS compared these items to obstetric care, stating that they are for the purpose of "affecting a structure or function of the body" of the lactating woman. This conclusion is a reversal of the IRS's previous position on the tax treatment of these items.
 
Getting Your Workplace Wellness Program Started

 

Workplace wellness can lower health care costs, increase productivity, decrease absenteeism and raise employee morale. And because employees spend many of their waking hours at work, the workplace is an ideal setting to address health and wellness issues. But where do you start?

 

Misclassifying Workers

 

The relationship between the employer and the worker is not always straightforward, but despite the possible discrepancies, it is extremely important to properly classify your workers. The tax implications vary depending on the type of worker, and the penalties for misclassifying a worker can be huge.

 

Helping Employees through Financial Difficulties
  

Most people go through financial heartache at some point or in their lives. Whether it's paying back student loans, paying high mortgage payments or affording steep gas prices, sometimes staying financially afloat can be a very difficult.

 

If your employees find themselves struggling financially, there are things you can do to help them resolve these issues.