On November 10, 2021, the Internal Revenue Service (IRS) announced that the health (flexible spending account (FSA)) dollar limit on pre-tax salary reduction contributions will increase to $2,850 for 2022 … Continued
President Biden signed the $1.9 trillion COVID-19 relief bill, known as the American Rescue Plan Act of 2021 (ARPA), on Thursday, March 11. The bill includes extended unemployment benefits, direct … Continued
Under the Consolidated Appropriations Act (CAA), special rules were established regarding Flexible Spending and Dependent Care Accounts. These rules have caused much confusion and mixed messaging from various sources regarding … Continued
Under the Taxpayer Certainty and Disaster Relief Tax Act of 2020 (the Act), additional provisions pertaining to Flexible (FSA) and Dependent Care Spending Accounts was included. The provision under the Act … Continued
Under the Consolidated Appropriations Act of 2021, signed by President Trump on December 27, 2020, the Act allows for special Flexible Spending Account (FSA) and Dependent Care Spending Account (DCFSA) … Continued
On October 27, 2020, the Internal Revenue Service (IRS) announced the 2021 Flexible Spending Account (FSA) dollar limits. For 2021, there will be no change to the amount that an … Continued
ERISA requires that group health plans comply with qualified medical child support orders (QMSCO). A QMCSO is a court order issued by a state administrative agency requiring an alternate beneficiary … Continued
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) into law to provide $2.2 trillion in federal funding to address the COVID-19 … Continued
The attached Benefits Brief provides the January 1, 2020 applicable limits that will apply to Health Savings Accounts (HSAs). The overview includes the increase to the Minimum Plan Deductible amount … Continued