HomeResourcesArticles
November 15, 2021

Update Regarding COVID-Related FSA and DCA Relief

With the end of the year quickly approaching, we want to provide an update regarding pandemic-related relief provisions for flexible spending accounts (FSA) and dependent care accounts (DCA). 

Several pieces of legislation were signed into law over the past 18 months to help American families manage healthcare costs during the pandemic. This temporarily included: 

These provisions are set to expire at the end of the year and will not be applicable to the 2022 plan year. 

Important Note Regarding FSA Rollovers: 

Employers cannot include a provision in their 2022 plan to allow all unused FSA funds to rollover to the plan year that ends in 2023. However, employers can still allow all unused funds to rollover from the 2021 plan year to the 2022 plan year.

Ameriflex clients who have questions regarding these upcoming changes can reach out to their Client Relationship Team for assistance. 

Other Recent Posts
This week, the IRS released IRS Rev. Proc. 2022-24, which includes the 2023 limits for health savings accounts (HSA) and high-deductible health plans (HDHP). Below is a comparison of the 2022 and 2023 limits for HSAs and HDHPs. The catch-up contribution limit for HSAs remains at $1,000 for the 2023 plan year. Interested in learning more about...
On March 15, 2022, President Biden signed into law the Consolidated Appropriations Act of 2022 (the “Act”), which restores the ability for high deductible health plans to pay for telehealth services before a covered individual satisfies the plans annual deductible. This means an individual can receive telehealth services without regard to the annual deductible and...
On February 18, 2022, President Biden once again formally extended the COVID-19 National Emergency. This means that the following deadlines which were set to expire on March 1, 2022, will now be tolled for one (1) year (or, if earlier, 60 days from the end of the National Emergency).  Participants:  COBRA Qualifying Event and Disability...
Stay Updated

Join us to stay on top of the latest healthcare news, legislation and product features from Ameriflex

We value your privacy
We will not rent or sell your information