The Internal Revenue Service has issued new rules to allow employers with cafeteria plans to immediately permit their employees to make tax-free deductions if they enroll their eligible dependents up to age 26 on their health insurance plans.
A Pennsylvania congresswoman is among several sponsors of a bill to include long-term care insurance in employer-sponsored cafeteria plans and flexible spending accounts that has been introduced in Congress.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.