New Option to extend claims periods for 2020 and 2021 FSA plans

Written By Shawn Adams

A new law was signed on December 27, 2020 allowing for the optional extension of claims periods for 2020 and 2021 plan years. Please see Relief bill for 2020 and 2021 FSAs from our software partner Alegeus.

We will e-mail clients in late January 2021 with details about how to add this option at a charge of $100 to restate the plan.

Shawn Adams
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Consolidated Appropriation Act of 2021 provides optional relief for 2020 and 2021 FSA plans
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New Optional IRS guidelines for pre-tax plans plus Mandatory deadline extensions