Ending use-it-or-lose-it could be risky business

Whiddon, Robert
April 2005
Employee Benefit News;4/1/2005, Vol. 19 Issue 4, p1
Discusses efforts by lobbyists in the U.S. to overhaul the use-it-or-lose-it policy regarding flexible spending account (FSA). Challenges faced by employers in complying with the FSA regulation; Comparison of FSA to insurance policy; Significance of the modification to employers and employees.


Related Articles

  • Hiring retirees complicates benefit plans. Greenwald, Judy // Business Insurance;10/22/2001, Vol. 35 Issue 43, p39 

    Focuses on rehiring retired workers fill temporary or permanent labor needs. Considerations health, benefit and pension plans; Retirees significant impact on cost of health benefit plans; Adoption of redirect health plan contribution designed for re-employed retirees.

  • FSA distributions for reservists OK'd. Geisel, Jerry // Business Insurance;5/26/2008, Vol. 42 Issue 21, p3 

    The article focuses on a U.S. legislation that will allow employers to amend their flexible spending accounts (FSA) to permit military reservists called up for at least six months of active duty to take FSA balances as a taxable distribution. The legislation does not require employers to amend...

  • Bush budget plan would improve FSAs. Geisel, Jerry // Business Insurance;3/5/2001, Vol. 35 Issue 10, p1 

    Reports on legislation being prepared in the United States aimed at improving flexible spending accounts and making them more attractive to employees. Proposed adoption of a pilot program for small employers and their personnel; Outline of the legislation; Impact of the proposed law on the...

  • Bush signs measure to assist reservists called to duty. Geisel, Jerry // Business Insurance;6/23/2008, Vol. 42 Issue 25, p4 

    The article reports that the legislation Heroes Earnings Assistance and Relief Tax Act of 2008 has been signed into law by U.S. President George W. Bush in June 2008. Under the law, employees no longer have to forfeit unused balances in their health care flexible spending accounts (FSA) when...

  • Cafeteria Plan Next Steps.  // Venulex Legal Summaries;2008 Q4, Special section p1 

    The article reports on a set of comprehensive proposed regulations issued by the U.S. Department of Treasury in 2008 which addresses a number of issues affecting cafeteria plans. The proposed regulations are expected to be issued in final form later in 2008. Although the final regulations have...

  • U. S. Department of Labor Issues Final Regulations on Furnishing Plan Documents to the DOL Upon Request.  // Venulex Legal Summaries;2002 Q3, p1 

    The article provides information on the final regulations on furnishing employee benefit plan documents issued by the U.S. Department of Labor (DOL). The agency modified the proposed regulations to limit the application of the law to requests from the DOL for the latest summary plan...

  • Reservist-FSA measure the right thing to do.  // Business Insurance;6/9/2008, Vol. 42 Issue 23, p8 

    The author reflects on the U.S. Congress's approval of a legislation that would allow employees in the military reserves to cash in their health care flexible spending accounts (FSAs) when they are called to active military duty. The author states that the legislation deals with a situation that...

  • GRACE PERIOD COULD BOOST FSA ENROLLMENT. Geisel, Jerry // Workforce Management;Jul2005, Vol. 84 Issue 7, p16 

    Focuses on the decision of the U.S. Department of the Treasury to modify the use-it-or-lose-it rule, which would require flexible spending account (FSA) participants to forfeit unused account balances at the end of a plan year. Revision made to the rule; Opportunities provided by the revised...

  • Dependent care payment rules issued by IRS. Geisel, Jerry // Business Insurance;5/29/2006, Vol. 40 Issue 22, p3 

    The article reports on proposed U.S. Internal Revenue Service (IRS) regulations as of May 2006, which update and clarify expenses that employees can pay for through dependent care flexible spending accounts (FSA). The regulations update the last set of IRS dependent care FSA reimbursement rules,...


Read the Article


Sign out of this library

Other Topics