The IRS is imposing a $2,500 limit on contributions for a flexible spending account as mandated by PPACA. When is the effective date for this rule?

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A) Jan. 1, 2012

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B) Jan. 1, 2013

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The FSA limit is effective for plan years starting on or after Jan. 1, 2013. It does not apply for plan years that begin before 2013.

C) Jan. 1 2014

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D) The effective date is to be determined

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