News-to-Use

Changes Available for FSAs

Flexible Spending Account (FSA) plans are now allowed to make temporary, new plan design changes to give employees flexibility during the COVID-19 pandemic. The changes ...
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IRS Relaxes Cafeteria Plan and FSA Rules for COVID-19

The Internal Revenue Service issued guidance allowing temporary changes to cafeteria plan rules resulting from the COVID-19 pandemic. The guidance increases the ability ...
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Extension of Benefit Plan Timeframes Due to COVID-19 Outbreak

This week, the U.S. Department of Labor, Internal Revenue Service and Department of Treasury jointly issued a Final Rule extending certain timeframes for employee ...
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Tax Credit for COVID-19 Related Leave

The Families First Coronavirus Response Act (FFCRA) provides refundable tax credits to businesses with fewer than 500 employees reimbursing them dollar-for-dollar for ...
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IRS Suggests Safe Security Protocol

With more people working from home, the IRS warns tax professionals and other service providers to take additional security steps to protect private data.
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Direct Deposit for FSA/HRA Reimbursements

Benefit Allocation Systems provides easy and accurate flexible spending account plan administration. While employees may be limited with their banking options due to ...
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Question of the Week

Q.- If an employer is going out of business and COBRA will not be offered, does the employer have to send an unavailability of coverage notice?
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U.S. Department of Labor COVID-19 Guidance

The U.S. Department of Labor has been updating its guidance on the Families First Coronavirus Response Act (FFCRA). FFCRA provides employees protections under a new ...
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ACA Marketplace Coverage Enrollment Periods

The Affordable Care Act required all states to create a marketplace through which their residents could purchase health coverage. Some states elected to offer coverage ...
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Question of the Week

Q.- I submitted a claim for vitamins to be reimbursed from my health FSA. Why is this being denied? I thought over-the-counter medicines could now be reimbursed from ...
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