Sneaky pitfalls that can turn your FSA plan into a compliance nightmare

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What happens when a seemingly harmless change to your company’s easy-to-administer FSA plan — a plan that had met the ACA’s “excepted benefits” requirements — suddenly winds up becoming subject to a series of onerous regs?

That’s a subject Kate Saracene, an employment attorney for Nixon Peabody LLP, covered during a recent presentation at the 2017 Mid-Sized Retirement & Healthcare Plan Management Conference in Phoenix, Arizona.

Here are some of the highlights of that presentation.

‘Excepted benefits’ if …

One nice thing about FSAs for employers: These accounts can be exempt from headache-inducing ACA regs if they fall under

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