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The Internal Revenue Service has issued new guidance that offers more flexibility to carry over unused Flexible Spending Accounts and dependent care assistance program amounts from 2020 and 2021 plan years, BenefitsPRO reports. Furthermore, the guidance allows extensions of the permissible period for incurring claims for plan years ending 2020 and 2021; provides flexibility to adopt a special rule pertaining to post-termination reimbursements from health FSAs, and much more.
1. UnitedHealth reports significant data breach; personal health info compromised
2. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
3. Illinois House passes governor’s 'Healthcare Protection Act’
4. UnitedHealth faces scrutiny over size, operations, and cyberattack
5. Analyst says Cigna, Humana share prices could put merger back on the table
6. Walmart to shut down health clinics due to unprofitability