California recently enacted a new law, AB 1554, which imposes a notice requirement on employers who have California employees that participate in a health care flexible spending account (FSA), a dependent care FSA, or an adoption assistance FSA. This new law is effective January 1, 2020.
Please click here to continue reading our AHERN Benefits Bulletin for information on the claim submission deadline requirement, form of notification, ERISA preemption, timing and penalties, as well as a list of action items. To download a sample copy of the California FSA Notice language, please click here.
If you should have any questions, or need assistance, please do not hesitate to contact our Benefits Department at (800) 282-9786 or via email at AIBbenefits@aherninsurance.com.