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Customized Training Opportunities for your Team

Customized Training Opportunities for your Team

Is it just me, or are you crazy busy right now? Not just typical, run-of-the-mill busy, but CRAZY busy! I feel that one thing that has come from the past year is that no matter the situation we are in, we have found ourselves busier than ever, and because of that, we are running out of steam; we are running out of ideas; we are running on empty!

Medcom tries in every way to help our clients and employers. We provide many different solutions for your team to make Compliance easier, ACA Reporting faster, COBRA understandable, and...

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UPDATES: Dependent Care, Outbreak Period, & ACA Requirements

UPDATES: Dependent Care, Outbreak Period, & ACA Requirements

In January we hosted a webinar and published a subsequent blog, How the Pandemic Affects FSAs and Dependent Care, and typical for this Pandemic, we now have updates for some of that information. Things are changing rapidly and e are working very hard to ensure you have the most current information possible, at all times.

Dependent Care

During the webinars we presented a few weeks ago a question kept coming up over and over:

"If an employer allows a roll-over of unused DCAP funds from 2020 to 2021 as allowed by the CAA-2021, does this reduce the maximum...

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How The Pandemic Affects FSAs and Dependent Care

How The Pandemic Affects FSAs and Dependent Care

Medcom recently hosted a webinar discussing the changes the Pandemic made to our Flexible Spending Accounts and Dependent Care. Things are increasingly confusing, so we thought we would take a moment to lay out the changes and considerations moving forward. 

A Recap

In 2020, the IRS released Notices 2020-29 and 33. In these notices, the IRS stated they will allow unused amounts from FSAs to carryon over through December 31, 2020, for non-calendar year plans. This means that even if the calendar year plan ended in June 2020, the funds remaining in the participant's FSA were still available through...

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Understanding the Consolidated Appropriations Act, 2021

Understanding the Consolidated Appropriations Act, 2021

It is no surprise that with everything happening in 2020, we would round out the year with more complicated legislation about employee benefits. We are thankful for the folks in Washington who worked diligently to bring the Consolidated Appropriations Act, 2021, to the table. It will extend many of the conditions and modifications we were given in 2020 regarding our FSA and Dependent Care accounts. Now, more than ever, it seems, we Americans need help, and we are relieved that our Congress and President passed the legislation early this week.

Earlier this week, Medcom's Senior Legal Counsel, Michelle Barki,...

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