Additional Relief for FSA Benefits
By EsqSocial Corporation 28/12/20
As part of the COVID-19 relief package passed by Congress earlier this week, the federal government expands on earlier relief issued by the Internal Revenue Service (IRS) for health and dependent care flexible spending account benefits (FSAs). Under these temporary rules, plan sponsors may give their employees additional time to use their FSA account balances and to make changes to their FSA elections. These changes are optional and require plan amendments....
By: Proskauer - Employee Benefits & Executive