Non-Calendar Year FSAs May Face a Challenge in 2013
Effective January 1, 2013, a provision in the PPACA will limit the maximum annual contribution employees can make to their Flexible Spending Accounts to $2,500. Currently, there is no annual limit. For employers with calendar year plan years, the limit should not be an issue. However, it could be an issue for employers with non-calendar year plan years. Read more. <back to top> |