December 10, 2007

Welcome to Benefits Challenge. Benefits Solved.

Here is a free, fun and intriguing way to test your knowledge. Each edition of the News & Review will include a test on topics such as FMLA, COBRA, FSA, HRA, HSA along with others various topics.

Question: An employer wants to offer a wellness program that has a condition for obtaining a reward based on satisfying a standard that is related to a health factor. Which of the following is NOT a requirement of such a program?

Your Response: CORRECT

Explanation: Except for the catch-up contribution limit, these thresholds were announced by the IRS in May 2007 in Revenue Procedure 2007-36. Catch-up contribution rules are found in §223(b)(3).