rollover Archives - Employee Benefits I AP Benefit Advisors

Year-End Stimulus Bill Offers Optional FSA Relief

12/27/2020 Update:  After much debate, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed by the President on Sunday, December 27, 2020. As this Congress wanted to wish us well for the holidays, they passed the Consolidated Appropriations Act, 2021 (CAA).  Below please find some highlights for those factors that may affect health and welfare […]

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IRS Offers Guidance and Flexibility for Employee Benefit Plans

The Internal Revenue Service today released guidance to allow temporary changes to section 125 cafeteria plans. These changes extend the claims period for healthcare flexible spending arrangements (FSAs) and dependent care assistance programs and allow taxpayers to make mid-year changes. The guidance issued today addresses unanticipated changes in expenses because of the 2019 Novel Coronavirus […]

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