FSAs | beneportalplus

News and Updates

Nov 13

IRS Expands List of High Deductible Health Plan (HDHP) Preventive Care and Approves Condoms as Medical Care

The IRS has issued two new Notices expanding the list of items and services that qualify as “preventive care” under health savings...

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Oct 29

Updated Indexed Dollar Limits Chart

The various federal agencies regularly release Affordable Care Act (ACA) and other indexed dollar limits for health and group benefit...

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May 20

Updated Indexed Dollar Limits Chart

The various federal agencies regularly release Affordable Care Act (ACA) and other indexed dollar limits for health and group benefit...

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May 15

IRS Alert: Account-Based Plans Cannot Pay for Personal Wellness Expenses

The IRS has issued an alert reminding taxpayers and health FSAs, HRAs, HSAs, and MSAs administrators that personal expenses for general...

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Mar 5

Employer Alert – New Pennsylvania Law for Dependent Care FSA Deductions

Employer provided dependent care assistance under an Internal Revenue Code section 129 Dependent Care Assistance Program (DCAP) has...

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Dec 1, 2023

Updated Indexed Dollar Limits Chart

The various federal agencies regularly release Affordable Care Act (ACA) and other indexed dollar limits for health and group benefit...

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Mar 3, 2021

Guidance on Extension of COVID-19 Outbreak Period

Last year, federal agencies announced timing extensions for a host of deadlines for plans and participants that apply during the COVID-19...

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Feb 23, 2021

Guidance on Optional Cafeteria Plan Changes Permitted for 2021

This week the IRS issued a new Notice 2021-15 intended to clarify the application of special optional relief for flexible spending...

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Jan 11, 2021

COVID-19 Package: Summary of Temporary FSA Relief

On December 27, 2020, a major government-funding bill focused on COVID-19 economic stimulus issues became law as part of the Consolidated...

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May 15, 2020

Additional Flexibility for Cafeteria Plans and Flexible Spending Accounts

There have been many concerns and questions about whether employers have the ability to provide increased flexibility under cafeteria...

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May 6, 2014

Correcting Improper Health FSA Payments

A recent IRS memorandum provides guidance on correcting health flexible spending account (FSA) payments for expenses that are not...

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May 2, 2014

Individuals with Health FSA Carryovers Can Preserve HSA Eligibility

The IRS has released a memorandum that answers key questions for employers who want to offer health flexible spending account (HFSA)...

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Nov 6, 2013

IRS Allows Health FSA Carryovers

The Internal Revenue Service (IRS) recently issued Notice 2013-71 which modifies the longstanding “use-or-lose” rule for health flexible...

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Dec 18, 2012

Health FSA $2,500 Plan Year Limit

Healthcare reform added a new rule limiting salary reduction contributions to all health flexible spending accounts (FSAs) to $2,500....

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Jun 1, 2012

New Transition Relief for FSA Plan Year Limit

Healthcare reform added a new rule limiting salary reduction contributions to a health flexible spending account (FSA) to $2,500...

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Dec 2, 2011

Revised New Jersey Local Finance Notice 2011-20R and FSA Administrative Expenses

On November 23, 2011, the New Jersey Division of Local Government Services issued a revised Local Finance Notice 2011-20R and Notice...

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Jun 13, 2011

Cafeteria Plan Amendments for OTC Drug Reimbursement

The Patient Protection and Affordable Care Act (PPACA) established a new uniform standard for certain medical expenses. Effective January...

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Feb 15, 2011

Support for Nursing Mothers

The federal government continues to support the needs of working women who breastfeed their infant children. The healthcare reform law...

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Jan 4, 2011

Debit Cards for Over-the-Counter (OTC) Medicines Permitted

The IRS has issued new guidance (IRS Notice 2011-5) to allow participants to continue to use flexible spending account (FSA) and health...

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Jul 22, 2010

Reimbursement Restriction for Over-the-Counter Drugs

Under the new health reform law, over-the-counter (OTC) drugs are no longer qualified for purposes of distributions/reimbursements under...

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