New Health FSA Plan, with $500 Unused Funds Carryover, and $2,500 ACA Limit by Core Documents скачать в хорошем качестве

New Health FSA Plan, with $500 Unused Funds Carryover, and $2,500 ACA Limit by Core Documents

What's new with Health FSA plans post-ACA mandates? Here's an "Executive Summary" YouTube video. "Post-ACA Mandates" means: The Internal Revenue Service released Notice 2012-40 providing guidance on the application of the Affordable Care Act's $2,500 limit on employee pre-tax contributions to health fsa's. Effective for plan years after December 31, 2012 Health Care Reform (ACA, ObamaCare) limits Health FSA contributions to $2,500 per plan year for employee contributions. Employers may also contribute to a Health FSA (flex credits) in excess of the $2,500 annual limit. A cafeteria plan offering a health FSA will need to be amended to comply with the $2,500 limit. If a cafeteria plan that includes a Health FSA is not timely amended, it fails to qualify as a cafeteria plan or Health FSA and all employee elections of nontaxable benefits under the plan (e.g., health FSA salary reductions and health plan premium payments) must be included as gross income to the employees. And, effective in plan year 2014, employers that offer FSA programs will have the option of allowing participants to roll over up to $500 of unused funds at the end of the plan year. Effective immediately, employers that offer FSA programs that do not include a 2.5 month grace period will have the option of allowing employees to roll over up to $500 of unused funds at the end of the current 2013 plan year. From: http://www.treasury.gov/press-center/... and http://www.irs.gov/pub/irs-drop/n-13-... Core Documents has been providing Section 125 Health FSA plans for small business owners since 1997. They would be happy to assist you in establishing your own custom Section 125 Health FSA plan document and administrative kit for only $129. Call us today at 1-888-755-3373 and talk to a Plan Consultant about how we can assist you and reduce 2014 income tax liability. "In a post-ACA health insurance America, with more out-of-pocket expenses, higher deductibles and co-payments, plus dental, vision, and Rx expenses, every employee should utilize the Section 125 Health FSA deduction to save money." GCE M-F 9-5 http://www.CoreDocuments.com http://www.CoreFSA.com