Health and Welfare Plan Issues
New COVID-19 Rules for §125 Plans, FSAs, HRAs, COBRA
New Guidance In response to the COVID-19 national emergency, the IRS and DOL have issued many updates to employee benefit plan regulations to provide potential relief for plan participants. The guidance addresses the following areas: • Relaxed mid-year election changes • Extended period for submitting claims under FSA/HRA plans • Carryover provisions for a health FSA • Clarifications to recent COVID-19 relief for HDHP plans • Extended grade period and deadlines for COBRA premium payments and elections
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