Alert / Employee Benefits
IRS Tax Treatment of Fixed Indemnity Benefits and Wellness Rewards

The Internal Revenue Service (IRS) has released an internal memo from its Chief Counsel's office that addresses the tax treatment of payments from fixed indemnity coverage and wellness awards for completing health risk assessments.

In a Feb. 7, 2017 Alert, Lockton Benefit Group’s Mark Holloway, Senior Vice President and Director of Compliance Services, answers the question employers need to know: Is IRS enforcement on the horizon?

Read the full Alert.

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