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
Thursday, July 25 at 2:00 PM EST While employers and employees alike may take for granted the tax-free nature of health and welfare benefits, the Internal Revenue Code section that regulates … 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
The attached Benefits Bulletin details the rules around a mid-year change for Section 125 cafeteria plans. Per the guidelines, there are very limited reasons to permit an employee to make … Continued
The IRS imposes nondiscrimination rules on Section 125 plans (also known as flexible benefit plans, cafeteria plans or pre-tax premium plans) and self-funded group health plans. The purpose of the … Continued
A Section 125 plan, or a cafeteria plan, allows employees to pay for certain benefits on a pre-tax basis. In order to receive this tax advantage, Section 125 plans must … Continued