The COVID-19 pandemic has changed the work environment in many ways, including a significant impact on employer-sponsored health benefits. The past year has resulted in changes to how frequently individuals visit the doctor (or do not visit the doctor), purchase eligible medical expenses, and need dependent care. In response to the pandemic, the IRS, Congress,
dependent care assistance program
Use It, Don’t Lose It! Everything Your Public Agency Needs to Know About Notifying Employees of the Deadline for Using Flexible Spending Account Funds
By Stephanie Lowe on
Posted in Employment
On August 30, 2019, Governor Newsom signed Assembly Bill 1554, which requires employers to notify employees of the deadline to withdraw flexible spending account funds. Many employers offer employees the opportunity to participate in flexible spending accounts. These are employer-owned accounts into which employees can put money to pay for certain eligible expenses on a…