Updated to reflect the minimum value percentage and pay or play penalties for 2021; under review in relation to legal developments regarding the Consolidated Appropriations Act, 2021.
The Internal Revenue Service (IRS) is allowing employers to decide if they want to let employees make mid-year elections for health coverage, health flexible spending accounts (FSAs) and dependent care assistance programs.
The materials and information included in the XpertHR service are provided for reference purposes only. They are not intended either as a substitute for professional advice or judgment or to provide legal or other advice with respect to particular circumstances. Use of the service is subject to our terms and conditions.