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Stay up to date with Coronavirus (COVID-19) resources, legal and HR compliance updates, and insight on how to stay informed, prepared and healthy.

NAVIGATE COVID-19

Temporary Health FSA and DCAP Relief

** IMPORTANT: This advisor only applies to group plans with a Flexible Spending Account (FSA) or Dependent Care Flexible Spending Account (DCAPs). ** The Consolidated Appropriations Act, 2021 (Appropriations Act), enacted on December 27, 2020, contains temporary rules to provide relief for participants in health flexible spending arrangements (FSAs) and dependent care flexible spending arrangements … Continued

Choosing the Right Flexible Benefit for Employees | Michigan Benefit Advisors

Trying to decide which of the many employer-sponsored benefits out there to offer employees can leave an employer feeling lost in a confusing bowl of alphabet soup—HSA? FSA? DCAP? HRA? What does it mean if a benefit is “limited” or “post-deductible”? Which one is use-it-or-lose-it? Which one has a rollover? What are the limits on … Continued