Benefits Newsletter: 4/25/2024
With Employee Benefits & HR topics regularly in the news, it’s difficult to stay up to date. Our weekly newsletter will help you stay current. Check out this week’s edition.
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IRS Provides More Options for Unused Funds in Health FSAs and DCAPs
On May 12, 2020, the IRS announced more options with respect to unused amounts in health flexible spending accounts (FSAs) and dependent care assistance programs (DCAPs). These options allow employers to permit an extended period for incurring health FSA or DCAP expenses and health FSA carryovers of up to $550. This Legal Update summarizes the …
COVID-19 Guidance for Section 125 Mid-year Election Change Rules
On May 12, 2020, the IRS released Notice 2020-29, which provides temporary flexibility for mid-year election changes under a Section 125 cafeteria plan during calendar year 2020. This Legal Update provides a brief summary of this relief.
Benefits Newsletter 5/13/20
In this issue: Federal Agencies Extend Deadlines for COBRA and Health Plan Claims, Appeals, and Special Enrollments DOL Releases New Model COBRA Notices Amid Wave of Litigation IRS Provides Additional Time to Contribute to HSAs IRS Reverses Course on the Application of Qualified Healthcare Expenses to the Employee Retention Tax Credit Educational Assistance Programs Allow …
IRS Section 139 Qualified Disaster Relief Payments and Coronavirus
Section 139 of the Internal Revenue Code allows employers to provide qualified disaster relief payments to their employees free of income and employment taxes. A qualified disaster relief payment includes any amount paid by an employer to reimburse or pay “reasonable and necessary” personal, family, living or funeral expenses incurred as a result of a …
HR Brief – May 2020
This month’s HR Brief looks at the new coronavirus relief laws and provides best practices for employers during the COVID-19 pandemic.
COVID-19 Relief Extends Certain Employee Benefit Plan Deadlines
This Compliance Overview summarizes the participant deadline extensions under a final rule from the U.S. Department of Labor (DOL), which affect COBRA continuation coverage, special enrollment periods, claims for benefits, appeals of denied claims and external review of certain claims. It also includes the deadline extension pursuant to the DOL’s Disaster Relief Notice 2020-01, for …
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