Hausmann Group May 28, 2020 2 min read

IRS Relaxes Election Change, Other Rules for Cafeteria Plans and FSAs

Plan sponsors now have the option of expanding mid-year election change opportunities, carry-overs and grace periods. When reviewing the options, keep in mind that any change made to your cafeteria plan requires an amendment. Details about the new, temporary rules are provided by our partners at Benefit Advisors Network (BAN). Click here for the document from BAN.

Our COVID-19 blog includes two older posts about dependent care accounts and opportunities for participants to either suspend or alter their contributions. Those posts, located here and here, are still valid for employers who decide not to implement the temporary, expanded mid-year contribution rules described above.
avatar

Hausmann Group

COMMENTS

RELATED ARTICLES

Hausmann Group
June 11, 2020 < 1 min read

Chart of Flex Plan Changes

Keeping track of what is required and what is optional for flexible spending account plans can get confusing. This chart pulls ...
Start Reading
Hausmann Group
April 21, 2020 1 min read

New Guidance from EEOC Addresses Return to Work Issues

On April 17, the Equal Employment Opportunity Commission (EEOC) released new guidance, primarily focusing on considerations for ...
Start Reading
Hausmann Group
May 20, 2020 < 1 min read

When Duty Calls Your Employees: USERRA and COVID-19

As companies across the country continue to adapt to the COVID-19 pandemic, employees who are reserve members may be pulled ...
Start Reading