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Archive | November, 2013

White House Allows Insurers To Continue Cancelled Policies

White House Allows Insurers To Continue Cancelled Policies In response to nationwide complaints about health insurance plans being cancelled or not renewed because of the requirements of the Affordable Care Act (ACA), the Obama Administration announced today (November 14, 2013) that it is offering a one year moratorium on key aspects of the marketreform provisions under […]

IRS Changes Health FSA “Use-or-Lose” Rule; Clarifies Transition Relief for 2013-14

IRS Changes Health FSA “Use-or-Lose” Rule; Clarifies Transition Relief for 2013-14 On October 31, 2013, the IRS released Notice 2013-71, which modifies the “use-or-lose” rule for health flexible spending accounts (health FSAs) to allow a $500 annual carryover of unused contributions, provided that the cafeteria plan offering the health FSA does not incorporate the “grace period” […]

IRS Changes Health FSA “Use-or-Lose” Rule

Peter J. Marathas, Jr. Legal & Compliance Director, Benefit Advisors Network Produced in conjunction with Proskauer Rose law firm. IRS Changes Health FSA “Use-or-Lose” Rule; Clarifies Transition Relief for 2013-14 November 13, 2013 On October 31, 2013, the Internal Revenue Service (IRS) released Notice 2013-71 (Notice), which modifies the “use-or-lose” rule for health flexible spending accounts […]