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Plan Year Change Employee communictions


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Guest kjeliaz
Posted

What are the requirements for communicating a change in an FSA plan year. An employer wants to switch from 12 month calendar year Jan-Dec to a short 6 month year in order to align with other benefits.

  • 2 weeks later...
Guest matthew222
Posted

I would think your FSA adminstrator should be able to answer this question fairly easily. I would strive for at least a 60-day notice since PPACA has this as a new requirement for material modifications for plan years beginning on or after March 23, 2012. This will at least keep things consistent internally.

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