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FSA Information
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IRS Clarifies Transition Relief for Cafeteria Plan Elections
Notice 2013-71 clarifies that transition relief is available to an employer with a cafeteria plan that has a non-calendar plan year beginning in 2013, whether or not the employer is an applicable large employer.
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Changes to “Use-or-lose” Rule for Health Flexible Spending Accounts (FSAs)
Under the relaxed rule, an employer will now, at its option, be able to allow participants to carry over up to $500 in unused health FSA funds into the next year.
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