Effective immediately,
employers may amend their health FSAs to allow an annual carryover of up to
$500. Employers wishing to adopt the carryover provision for the 2013 plan year
must amend their cafeteria plans by the end of the 2014 plan year.
Employers may also amend their
Section 125 plan to allow off-cycle changes in health plan enrollment elections
for plans that do not follow a calendar year.
If you have any questions
about the modifications to the “use-it or lose-it” rule for FSAs, or the
transition relief for 2013-2014 plans, please contact your Senn Dunn Employee Benefits Account Manager.
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