Quick overview on the impact of the ARPA on Dependent Care Flexible Spending Accounts and Non-Discrimination Testing considerations....
March 2021 was an eventful month with regard to new guidance on recently passed legislation and expanded provisions from the IRS to provide relief to individuals and businesses impacted by the continuing COVID-19 pandemic. ...
On February 18th, due to the pandemic, the IRS provided greater flexibility to employee benefit plans offering health flexible spending arrangements (FSA) and/or dependent care assistance programs....
The IRS issued IRS Notice 2020-29 (Notice) that provides increased flexibility for making mid-year elections. Read this blog post to learn more. ...
May was a busy month in the employee benefits world. The Internal Revenue Service (IRS) issued IRS Notice 2020-29 that provides increased flexibility for making mid-year elections or changes under a Section 125 cafeteria plan during calendar year 2020. Read this compliance recap to learn...
Are your employees forgetting to spend the money in their flexible spending accounts (FSA)? Read this blog post to learn how you can help alleviate this issue. ...
Employers often can feel lost when trying to decide which employee benefits to offer. Read this blog post to learn about the pros and cons of FSAs, HSAs and HRAs....
September was a busy month in the employee benefits world. Read UBA's Compliance Recap for September on our blog now, and catch up on all things compliance. ...
Confusion about carrying over unused funds from year to year in health care flexible spending accounts (FSAs) has received some clarification under IRS Notice 2015-87, issued in December....
A Summary of Benefits and Coverage (SBC) is four-page (double-sided) communication required by the federal government. It must contain specific information, in a specific order and with a minimum size type, about a group health benefit's coverage and limitations. Read more here...