IRS Increases Flexibility for Mid-Year Elections
On May 12, 2020, in response to COVID-19, the IRS provided increased flexibility in regard to mid-year elections under a Section 125 cafeteria plan during the 2020 calendar year (Notice 2020-29).
IRS and DOL Updates to COBRA
The Department of the Treasury and Department of Labor issued joint rules and EBSA Disaster Relief Notice 2020-01, announcing extensions on certain time frames with federal COBRA and reimbursement plans like FSAs and HRAs.