For Business | Legislation update
New FSA Rule Changes
COVID relief is now available. But benefits teams will need to act quickly.
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EBSA Disaster Relief Notice 2021-01
On February 26, 2021, the US Department of Labor (DOL) released Employee Benefits Security Administration (EBSA) Disaster Relief Notice 2021-01 providing further guidance with respect to certain plan deadlines occurring during the COVID-19 National Emergency period.
In coordination with the Department of Health and Human Services and the Internal Revenue Service, the DOL interprets the one-year maximum period is to be applied on a person-by-person basis. In short, the one-year period is calculated with respect to each member’s specific expiration date.
See the full compliance alert here.Read our FAQs here
Benefits leaders will need to act
quickly to help those who:
Didn’t enroll during annual enrollment because of pandemic uncertainty.
Haven’t used remaining FSA and DCFSA funds.
Risk spending down accounts frivolously to avoid forfeiting funds.
Went without childcare.
Deferred medical, dental or other care.
Notify your people
The faster you get communications to your organization, the sooner you can provide relief in challenging times.
Use our email template to communicate your plan changes.Download template
Register your plan changes now
Take five minutes to answer a few simple questions. Whether you need to extend your grace period or expand carryover, we'll capture your submissions and update your plan accordingly.Get started