Health & Welfare

IRS Releases 2022 Welfare Benefit Plan Limits

The IRS has released Revenue Procedures 2021-25, and 2021-45 which set forth the 2022 inflation-adjusted limits for certain employee welfare benefit plans and the dollar amounts used for certain discrimination testing. 

IRS Explains Tax Treatment of Dependent Care Benefits Under New Rules

The IRS has issued Notice 2021-26 to explain the tax treatment of dependent care flexible spending account plan (“DCAP”) benefits under the Consolidated Appropriations Act (“CAA”) and the American Rescue Plan Act (“ARP”).

Important Benefit Plan Provisions of the American Rescue Plan Act of 2021

By Dannae Delano, Israel Goldowitz, Barry Salkin and Roberta Casper Watson

IRS Releases 2021 Welfare Benefit Plan Limits: Health FSA and HSA Limits Increase

The IRS has released Revenue Procedures 2020-45 and 2020-32, which set forth the 2021 inflation-adjusted limits for certain employee welfare benefit plans and the dollar amounts used for certain discrimination testing. 

IRS Releases 2020 Limits for Welfare Benefit Plans: Health FSA and HSA Limits Increase

The IRS has released the 2020 inflation-adjusted limits for certain employee welfare benefit plans and the dollar amounts used for certain discrimination tests.

Employers with California Employees who sponsor Flexible Spending Accounts May Have New Notice Requirements

A new California law (AB 1554) imposes a new notice mandate on employers with employees in California.  The law requires employers, beginning in 2020, to notify their flexible spending account (FSA) enrollees – via two different modes of communication – about any deadline to withdraw funds from the FSA where that deadline is prior to the end of the plan year.