IRS Expands Election and Reimbursement Periods for Health Benefits, FSAs

The IRS released guidance to allow temporary changes to Section 125 cafeteria plans, extending the claims period for health flexible spending accounts (FSAs) and dependent care assistance programs and allowing employees to make mid-year changes.

The IRS explains that the guidance addresses unanticipated changes in expenses because of the COVID-19 pandemic. Read More. PlanSponsor

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