COVID Relief Legislation Allows Major Amendments to FSA and DCAP Plans
December 29, 2020The Consolidated Appropriations Act 2021, passed by Congress and signed by President Trump, provides in part for significant changes to health FSA and DCAP…
Read MoreNEW PCORI Fee Announced
December 4, 2020The Patient-Centered Outcomes Research Institute (PCORI) was authorizes by congress as part of the Patient Protection and Affordability Act of 2010. The funding for PCORI is provided through…
Read MoreUpdated ID Verification Process for HSA Applications Coming Dec. 1
November 23, 2020Our HSA custodian, National Advisors Trust South Dakota (NATSD), provides oversight to the Health Savings Account (HSA) activity managed through our platform. From time…
Read MoreWe can Help With Your Virtual Open Enrollment!
November 13, 2020If you are scheduling virtual open enrollments to insure the safety of your staff, due to the COVID-19 National Emergency, we can help! We…
Read MoreIRS COVID-19 DCAP Relief Explained
November 5, 2020An IRS information letter responding to an inquiry regarding the return of unused amounts in a participant’s dependent care assistance program (DCAP) (also referred…
Read MoreIRS Announces New Contribution Limits for 2021
October 30, 2020The Internal Revenue Service (IRS) published Rev. Proc. 2020-45, announcing annual limits for Flexible Spending Account (FSA) contributions, maximum carryover amounts, and Transportation benefit (Transit/Commuter/Parking)…
Read More