Consolidated Appropriations Act 2021 Webinar: Temporary Changes to DCAP and FSA Rules

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January 27, 2021 | Brown & Brown Communications | In The Media

On December 27, 2020, former President Trump signed Congress’ $900 billion relief package designed to address the economic fallout from the COVID-19 crisis. The bill contains several important benefits related relief provisions, including important changes to the rules governing dependent care assistance plans (DCAP) and health flexible spending accounts (FSA), with possible changes affecting plan years 2020, 2021, and 2022.

Topics covered include:

  • Temporary Relaxed Carryover Rules for DCAP and Health FSAs
  • Temporary Extension of Grace Periods for DCAP and Health FSAs
  • Temporary Relief for Post-Termination Reimbursements from Health FSAs
  • Temporary Rule Increasing the Maximum Age of Eligible Dependents for Use of DCAP Funds
  • Temporary Flexibility Regarding Mid-Year Election Changes to DCAP and Health FSA Elections
  • Deadline for Making Plan Amendments

In addition, we will provide a recap of the recent year-end changes, including:

  • FFCRA Tax Credit Extension
  • No Surprises Act
  • Mental Health Parity
  • Student Loan Payment
  • Medical Expense Deductions