All Pinnacle offices will be closed Monday, Sept. 1, 2025, in honor of Labor Day. See a full list of federal bank holidays at PNFP.com/Holidays.
All Pinnacle offices will be closed Monday, Sept. 1, 2025, in honor of Labor Day. See a full list of federal bank holidays at PNFP.com/Holidays.
On March 11, 2021, President Joe Biden signed into law The American Rescue Plan Act of 2021, a $1.9 trillion economic stimulus bill passed by the 117th United States Congress, to speed up recovery from the economic and health effects of the COVID-19 pandemic.
This is the most recent legislation to make changes to employee benefit plans. The American Rescue Plan Act of 2021 includes the following provisions for employers offering
Optional Dependent Care Flexible Spending Account Limit Increase
COBRA Provisions* (does not impact FSA plans, excepted benefit plans, or QSEHRAs)
*Please contact your COBRA administrator for more specifics on how these provisions impact your applicable plans and the impact on the extension of COBRA deadlines due to the COVID-19 Outbreak Period.
Past legislation includes Disaster Relief Notice for Employee Benefit Plans, IRS Notice 2021-15, and the Consolidated Appropriations Act, 2021. We made this guide to help you understand these changes and how they affect HSA, HRA and FSA Plans.
We will keep you apprised of any future developments. If you have any questions, or if you offer FSAs or HRAs and have not yet confirmed with us your plans to extend your claims runout period (if applicable), please contact us at health@pnfp.com.
Our team is keeping a watchful eye on this legislation as we receive further clarification from the IRS. As soon as we know more, we will send an update.
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