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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. FTC refunds customers for fraudulent health plans sold by Benefytt
2. Health systems consider dropping Medicare Advantage plans due to financial losses
3. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
4. MedPAC calls for 'major overhaul' of Medicare Advantage policies
5. Medicare to cover Novo Nordisk's weight-loss drug for heart patients
6. AT&T faces second lawsuit over $8 billion pension risk transfer