Attention Employers: COVID relief is now available. See the latest FSA and DCFSA rule changes and
take action
Covid-19 | Employer Resources
REGULATORY UPDATES
Read the latest information to see how rule changes could impact your benefits.
See our response for membersLatest Update
December 28, 2020
COVID RELIEF NOW AVAILABLE, BUT BENEFITS TEAMS WILL NEED TO ACT QUICKLY
The new Consolidated Appropriations Act, 2021 (commonly called the COVID Relief Bill) allows employers to increase carryover amounts and extend grace periods for dependent care and healthcare flexible spending accounts. In addition, organizations may allow election changes without regard to change in status rules (annual limits still apply).
Benefits leaders will need to act fast to help their people take advantage of available relief, especially:
Employees who didn’t enroll during annual enrollment because of pandemic uncertainty.
Members who haven’t used remaining FSA and DCFSA funds (our client data shows $500 million+ in at-risk funds, significantly higher than a typical year).
Those who risk spending down accounts frivolously to avoid forfeiting funds.
Those who have deferred medical, dental or other care, or gone without childcare, during the pandemic.
WATCH OUR ON-DEMAND WEBINARS
Get the full picture from our legislative affairs team. You’ll learn the ins and outs of the new rule changes and how to use them to maximize relief for your organization.
FAQ's
There have been a lot of changes during this past year as the nation deals with COVID-19. This list will hopefully help you find the answers you need regarding your health accounts and the recent changes.
Have more questions? Contact us.
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