On December 27, 2020, the latest COVID relief bill, the Consolidated Appropriations Act, 2021 was signed into law. This substantial piece of legislation, among many other topics, included several provisions that impact Flexible Spending Account (FSA) plans. Included in the FSA provisions was welcome relief for individuals who were unable to spend their FSA dollars in 2020. The new provisions, if adopted, allow individuals to carry over their FSA balances into the next year. Employers need to act, though, in order to adopt these significant changes and provide relief for employees.
Please join Sentinel’s Scott Riordan for a complete overview of the FSA provisions offered in the Consolidated Appropriations Act that your plan may be able to adopt. During the session, Scott will cover the following topics: