The IRS Business Plan for July 2005 - June 2006 lists 254 projects including the following projects concerning HSAs, debit cards, and § 125 cafeteria plans.

HSAs.  Guidance on how the 2 ½ month grace period for flexible spending accounts can affect health savings accounts (HSAs). Release should be imminent.

DCAPs.  Guidance on the impact of providing a 2 ½ month grace period for dependent care assistance plans (DCAPs) offered under a cafeteria plan.

Debit Cards for Health FSAs.  Additional guidance on debit cards and employer-provided medical expense reimbursements.

Debit Cards for Transportion Plans.  Guidance under § 132 on debit cards and qualified transportation fringe benefits, including transit and parking.

§ 125 Cafeteria Plans.  Proposed regulations on cafeteria plans; updating regulations for statutory changes and providing additional guidance.

§ 420 and Minimum Cost Requirement.  Guidance under section 420 on the impact of the Medicare prescription drug subsidy on the minimum cost requirement.

§ 414(q) Highly Compensated Employee Definition.  Update of regulations on the definition of “highly compensated employee” under section 414(q) to reflect statutory changes.

§ 415 and Benefit/Contribution Limitations.  Comprehensive final regulations under section 415 regarding limitations on benefits and contributions; proposed regulations were published 5/31/05.

Click here to view the IRS Business Plan.