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Additional Cafeteria Plan Changes in Effect January 1, 2023: IRS Notice 2022-41 and Family Coverage Affordability

AssuredPartners

The Department of the Treasury and the IRS have been instructed to modify the Income Tax Regulations under Sec. Employers are subject to the shared responsibility penalty if these additional conditions are met: 1) An employee has not been offered affordable self-only coverage (or hasn’t been offered coverage at all); AND.

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FSA receipt requirements: What you need to document

Business Management Daily

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. The card is issued by the benefits provider that the employer has chosen to work with for the FSA.

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