New Rules Allow Cafeteria Plans To Carryover Up To $500 Of Unused Health FSA Money To The Next Plan Year by Wesley Covert Published on jdsupra.com
Under new IRS guidance, an employer may amend its cafeteria plan to allow for up to $500 of unused amounts remaining in a health flexible spending account (FSA) at the end of a plan year to be carried forward to reimburse eligible expenses incurred in the following plan year. This new $500 permitted carryover feature does not affect the $2,500 annual health FSA limit imposed by the Patient Protection and Affordable Care Act… [ Read More ]IRS Provides FSA “Use-or-Lose” Rule Relief by Nicole Hanna Published on jdsupra.com
The Internal Revenue Service (IRS) has recently issued guidance providing a modicum of relief to the forfeiture requirements for flexible spending accounts (FSA) under a Section 125 (or “Cafeteria”) Plan. FSA’s are utilized to reimburse employees for allowable medical expenses incurred during a plan year. IRS regulations require that amounts credited to an employee’s FSA that are unused at the end of the plan year must be forfeited… [ Read More ]Sanofi ditches late-stage bone marrow cancer drug by Dominique Vidalon and Ben Hirschler Published on Reuters.com
Sanofi has halted all clinical trials and cancelled plans to seek regulatory approval of fedratinib, a drug in late-stage development against rare bone marrow cancers, due to safety concerns. The decision follows recent reports of cases consistent with the neurological disorder Wernicke’s encephalopathy in patients in the fedratinib trials, the French drugs group said in a statement on Monday… [ Read More ]Live Industry News
Follow @ACI_Pharma
Join ACI’s Pharmaceutical, Biotech, Life Science Experts Group
Related Events
For a complete list of all Pharma related upcoming events: Click Here
For a complete list of all Healthcare related upcoming events: Click Here
For a list of past Pharma conference proceedings: Click Here
For a list of past Healthcare conference proceedings: Click Here