Stimulus Bill Includes Temporary Special Relief for Flexible Spending Accounts. On December 27, 2024, President Trump signed the over $2 trillion omnibus appropriations and COVID-19 relief package ... See more Employers wishing to offer any of these optional FSA provisions must amend their cafeteria plan to incorporate the changes. The deadline for employers to adopt the amendments is the last day of the first calendar year … See more For health FSAs, the grace period and carryover options appear to be identical. However, these options can have different impacts on an employee’s ability to contribute to an HSA. A general purpose health FSA is … See more In addition, the Act does notchange the other FSA requirements and, in particular, nondiscrimination testing. When considering adoption … See more The Act does notchange the statutory annual contribution limits. Therefore, if an employer adopts the grace period or carryover feature, participants who have elected the maximum … See more WebOct 1, 2024 · What does the stopgap spending bill signed by Biden include? Signed late last night, the temporary funding bill has staved off a government shutdown for now but it …
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