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Thursday, December 16, 2021

Expanded List of Qualified HSA/FSA/HRA Expenses

As we approach the end of the year, and for some, the deadline to “use or lose” some or all of their Flexible Spending Account (FSA) balances, we’d like to make stakeholders aware of the expanded IRS list of qualified expenses.

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Wednesday, December 30, 2020

Covid-19 Related Spending Account Accommodations

The federal government has now provided employers with additional relaxations affecting tax preferred, Flexible Spending Accounts (FSAs), in light of the Coronavirus pandemic.  These relaxations come about as a result of the passage into law of the Consolidated Appropriations Act, 2021.  It’s important to note that these FSA changes are not mandatory either in total or individually.  Employers may opt to amend their FSA plans to allow any or all of these provisions, but are not compelled to do so.

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Wednesday, April 15, 2020

Coronavirus Pandemic Impact On Health Spending Accounts

In light of the Coronavirus pandemic, Congress, the Office of Personnel Management (OPM),  and the IRS have made key changes affecting the use of tax-free funds that reside in tax preferred spending accounts:

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Monday, March 30, 2020

CARES Act Impact on Health Insurance

On March 27, 2020,  the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law.  The CARES Act amends certain provisions of the Families First Coronavirus Response Act (“FFCRA”).  CARES also temporarily eliminates deductibles for certain services in HSA Qualified High Deductible Health Plans (HDHPs), and temporarily expands the list of qualified expenses reimbursable through HSAs, HRAs, and FSAs.