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Social Security and Medicare Financial Futures Worsen ...

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The recently released annual reports for 2011 from the trustees 1 on the financial states of Social Security and Medicare show the "great recession" continues to take a toll on both programs. Current revenues from payroll taxes have fallen even more steeply than under prior projections. Other short-term factors include higher projected health care costs and a recent fall-off in...

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Medicare Part D Enrollment Period Changes - Creditable ...

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Beginning this year, the Annual Coordinated Election Period (ACEP) for Medicare Part D drug plans (i.e., stand-alone PDPs and MA-PDs) changes to the period from October 15 to December 7. Previously, the ACEP for Medicare Part D ran from November 15 to December 31. This change accelerates by one month the deadline for employer plan sponsors to deliver a required annual notice to...

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US Social Security and Medicare Finances Worsen in 2012 ...

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The recently released annual reports for 2012 from the trustees 1 on the financial states of Social Security and Medicare show accelerating deterioration in the finances of both programs. Slower growth in average earnings and higher unemployment reduced current and projected payroll taxes. Other short-term factors include higher inflation and a falloff in immigration. Higher disability...

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Effect of RDS on Employer’s Tax Deduction Based on Date ...

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Summary

Under a provision of the Patient Protection and Affordable Care Act (PPACA), employer plan sponsors must now take into account the payments they receive under the Retiree Drug Subsidy (RDS) program when calculating the amount of their tax-deductible retiree prescription drug costs. This tax law change, which goes into effect with an employer's 2013 tax year, reduces the tax...

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