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Defined Benefit Specialist II or III Nova 401(k) Associates
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New Temporary Special Rules for Flexible Spending Accounts
Bradley 
[Guidance Overview] Dec. 30, 2020 "The act permits plan sponsors to implement the following voluntary changes for health and/or dependent care FSAs: Unlimited carryover.... Extended grace period.... Election changes.... Post-termination reimbursements from health FSAs.... Carry forward for aged-out dependents in dependent care FSA.... [C]alendar year plans adopting these voluntary changes will generally need to be amended by December 31, 2021." |
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