On May 12, 2020, the Internal Revenue Service (IRS) issued Notice 2020-29 (the Notice), an important piece of guidance for employers that sponsor health & welfare plans.
The Notice provides much-needed flexibility for...more
On May 12, 2020, the Internal Revenue Service (IRS) issued Notice 2020-33 (the Notice), which increases the maximum health flexible spending account (FSA) carryover limit. The Notice also addresses a gap in existing guidance...more
5/21/2020
/ Cafeteria Plans ,
Carryover Basis ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Flexible Spending Accounts ,
FSA ,
ICHRA ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Popular
On April 28, 2020, the U.S. Department of Labor (DOL) and the Internal Revenue Service issued a new final rule and additional guidance that together extend numerous deadlines under ERISA and the Internal Revenue Code (Code)...more