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IRS Provides Participant-Friendly Guidance for Cafeteria Plans in Light of COVID-19
Lathrop GPM
[Guidance Overview] June 11, 2020 "For any mid-year changes in health coverage, the employer will want to communicate with its insurer (if insured) and stop loss carrier (if self-insured) to make sure the insurer agrees to the changes and that they can be implemented effectively. If an employer wants to make any of these changes, it will need to formally adopt an amendment to accomplish them. [Notice 2020-29] grants a fairly generous amount of time to do this." MORE >> |
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