How a New Law Affects Group Health Plans & Cost Transparency

| posted in Blog, Newsletter

The newly enacted Consolidated Appropriations Act, 2021 contains a number of provisions that will affect group health plans, with most changes aimed at helping insured workers with flexible spending accounts (FSAs), cost transparency and surprise billing. Some of the provisions are permanent while others are temporary, slated to run through the anticipated end of the COVID-19 pandemic. Highlights of The Consolidated Appropriations Act FSA carryover rules loosened The new law authorizes employers to amend their cafeteria plans and FSAs to either: Allow participating staff to carry over unused amounts from the 2020 plan year to the 2021 plan year (and…
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