Consolidated Appropriations Act Added Flexible Spending Account Options
By EsqSocial Corporation 26/01/21
In late December, President Trump signed The Consolidated Appropriations Act (CAA) into law. The law makes temporary changes to the rules governing health flexible spending accounts (Health FSAs) and dependent care flexible spending accounts (Dependent Care FSAs). These changes were made to assist employees affected by the COVID-19 pandemic who were unable to utilize amounts they contributed to their FSAs. Employers should note that these changes are voluntary and to the extent implemented, will...
By: Clark Hill PLC