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...

Happy Black History Month! February is the time to celebrate the achievements of Black Americans and their role in U.S. History.

The road to the Black History Month of 2021 began in 1865 when The Civil War ended, and the 13th amendment was ratified and abolished slavery in the United States. But the amendment didn’t protect Black Americans from racism, prejudice, and violence.

Segregation, Jim Crow Laws, and others continued to oppress Black Americans, but there were victories. The Executive Order in 1941 opened national defense and government jobs to all Americans, regardless of race....

The Medcom Bridge is our online Compliance platform for our broker clients and our Compliance team. The platform intends to streamline the process of ordering Compliance services for brokers. So, instead of getting lost in the email thread you can order, check on, and receive your Compliance documents all in one space! The Bridge has many functions, from requesting a proposal, to uploading documents to the document vault, to getting an instant Compliance checklist for your client! The Medcom Bridge offers many services and we are consistently updating the site to make it as clear and user friendly as...

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...