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Cafeteria Plan Manager 2008 Release Information
2008 Tax Figures have been released – This year, it took until January 18th for Congress to pass the 2008 payroll tax code and have the IRS print it in Publication 15. The new figures and calculations have been placed in the software as well as updating the Explanation of Benefits document. It is recommended you update your system to utilize these modified documents.
To update your system, select the “Update Software Via Internet” option found under the File Menu. The system is going to want to update the Plan documents as well as the Explanation of Benefits. If you have modified/edited these documents and do not want the system to copy over them, do not update them.
2008 Cafeteria Plan Manager Changes – In 2008, the Cafeteria Plan Manager has been upgraded in numerous ways. First (and most noticeably), the Things-to-do list is now part of the Navigator and has been redesigned for speed. Second, we have implemented the ability to enter Third Party Administrator (TPA) information and two methods for collecting TPA fees. Third, for employer groups in Massachusetts, you will now have the ability to use the state-created documents for the Massachusetts Health Care Reform Law. Forth, we have replaced the notes section of member and company forms so the user may enter as many notes as they like and even categorize them. Lastly, we took recommendations from our users and incorporated them into this new edition.
AZ USA: Thursday, January 31 - 2008
COBRA Solutions announce the release of COBRA Administration Manager version 11
COBRA Solutions, Inc. is very excited to announce the release of our new Version 11 COBRA Administration Manager (CAM) on November 1, 2007. We continue to re-invest in our software to provide our customers with leading edge technology that has made CAM the industries number one-selling COBRA Administration software. The program has been updated with over 50 new changes and overhauled with enhanced capabilities designed to simplify the administration process. This month’s COBRAinReview will explain some of the changes made so you can take advantage of the software’s new capabilities and features.
AZ USA: Wednesday, November 01 - 2007
If you are not using a Cafeteria Plan...You are are losing Money!
Employer saves a minimum of
$.0765 per dollar that employee puts into plan.
Employee uses pre-tax dollars to pay for Medical Expenses
and Dependent Care.
Most employers have been receiving large rate increases from their insurance providers because medical trend is over 10%. In many cases, the employer is forced to pass on the increase to employees. One good way to minimize rate increases is to start a Cafeteria Plan. A Cafeteria Plan allows employees to pay for their portion of premiums on a pre-tax basis. This lowers their taxable base, therefore decreasing federal, FICA and most state's taxes. Most employees (depending on their tax bracket) will see that a Cafeteria Plan saves them 15% to 39% of their cost of premiums. Not only does the employee save money but the employer sees an approximate 7.65% reduction in their FICA and other payroll taxes.
AZ USA: Wednesday, November 03 - 2007
Do you need help keeping track of Your Employee Information
Let COBRA Solutions
offer you a management solution with the Employee Database Manager software.
Employers are required to maintain data on employees for numerous reasons.
Maintaining a file cabinet has become a daunting task, requiring more filing
cabinet space as the years go by. The Employee Database Manager will store your
information digitally so you may retrieve employee information and
communications in seconds. Below is just a few of the segments whereby the
software will retain information and increase your productivity:
AZ USA: Wednesday, July 31 - 2007
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