On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA), which includes a new COBRA subsidy. The Act will impact qualified COBRA beneficiaries and provide more relief for Americans impacted by COVID-19. Employers will be required to act swiftly. Here is a summary of everything you need to know…
The 3/15 grace period deadline is approaching but don’t panic. Whether you have a significant balance remaining or just a few dollars left, the below tips can help you exhaust your Flexible Spending Account (FSA) and make the most of your plan. 3/15 Grace Period Overview First, let’s review what a grace period is. An…
A Lifestyle Reimbursement Account is a flexible benefit plan that packs a lot of perks into one plan no matter what your goals are. Are you looking to enhance your company’s benefit options? Or maybe you want to help improve your employees’ health overall? A Lifestyle plan may be the solution you need. Let’s…
As the pandemic continues, more help is available for FSA participants with the latest FSA COVID relief bill. Under the Consolidated Appropriations Act of 2021, new options are available for employers to adopt to their 2020 or 2021 FSA plans. While these options are not mandatory, they can help participants from losing funds, among other…
Woman sitting on steps outdoors and using laptop. She is an FSA participant reviewing her plan. Welcome, Flexible Spending Account Participants! As an FSA plan holder, you can save significant dollars on IRS approved expenses. As you begin or continue to use your account more, here are four things every FSA participant should…
2021 is coming to a close and, with that, a sense of hope for a year that brings peace, healing and more joy to all. While this year looked different to many of us, we persevered, nonetheless. P&A is continually appreciative of our clients and partners – for your trust in us to deliver a…