LBA Advisor Fall 2009

Posted Oct. 2, 2009

The Fall 2009 issue of the LBA Advisor contains articles that all relate to the changing times we are in. From fear of the unknown to hopes of recovery, we find ourselves facing these issues at every turn and attempt to manage the questions they bring. To read the most recent issue of our magazine, click here to download the pdf version.

 

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IRS Announces Retirement Plan Limitations

Posted Oct. 15, 2009

DOLLAR LIMITATIONS ON BENEFITS AND CONTRIBUTIONS FOR RETIREMENT PLANS UNCHANGED

On October 15, 2009, the IRS announced the 2010 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items. The limits remain the same as they were in 2009.

Retirement plans are subject to annually adjusted dollar limitations by the IRS for cost-of-living increases, and are normally determined based on inflation data provided by the Bureau of Labor Statistics' release of the Consumer Price Index.

Click here to download this important LBA Alert to learn more.

 

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Proposed 21.2% Reduction for the Physician Fee Schedule is Frozen

Posted Oct. 31, 2009

The 2010 Federal Register that announced the Physician Fee Schedule (released on 10/31/09) included a comment period through 11/25/09. Legislation was passed to the Senate to halt the reduction after the House approved the postponement as well. The reduction is currently frozen until 2/28/2010.

2010 Annual Participation Enrollment Program Extension

Because of the delay in the 2010 fee schedule, Medicare (CMS) has extended the 2010 annual participation enrollment program end date. The enrollment period now runs from November 13, 2009- January 31, 2010. Medicare contractors will accept and process any participation elections or withdrawals made during the extended enrollment period that are post marked on or before January 31, 2010.

Click here to download this important LBA Alert to learn more.