This is a reminder that September 23, 2013 is the deadline to update HIPAA policies and procedures, business associate agreements, notices of privacy practices, and HIPAA training presentations.?á There is an extended deadline for business associate agreements that were compliant and in place before January 25, 2013.
Important Changes Related to Benefits for Same-Sex Spouses Became Effective Monday, September 16, 2013
Effective September 16, 2013, same-sex spouses will be treated the same as opposite-sex spouses for all federal income tax purposes. ?áThis means that employers should no longer impute income to employees for the value of certain benefits provided to their same-sex spouses and that qualified retirement plans, such as 401(k) and defined benefit pension plans, must extend spousal benefits and protections to same-sex spouses.?á For example, as of September 16, 2013, a qualified retirement plan must, among other things, provide same-sex spouses a qualified joint and survivor annuity payment option and treat a same-sex spouse as an employee?ÇÖs default beneficiary, absent the same-sex spouse?ÇÖs written consent to naming another beneficiary. A copy of the relevant IRS guidance can be found here.