Health & Welfare Plans Newsletter

BULLETIN
February 18, 2021

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[Official Guidance]

Text of IRS Notice 2021-15: Additional Relief for Coronavirus Disease (COVID-19) Under ยง 125 Cafeteria Plans (PDF)

34 pages. "This notice clarifies the application of Section 214 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, recently enacted as Division EE of the Consolidated Appropriations Act, 2021 ... which provides temporary special rules for health flexible spending arrangements (health FSAs) and dependent care assistance programs under Section 125 cafeteria plans.... This notice also provides additional relief with respect to mid-year elections for plan years ending in 2021.... The notice also provides relief with respect to the effective date of amendments to Section 125 cafeteria plans and health reimbursement arrangements (HRAs) to implement the expansion of allowed expenses for health FSAs and HRAs by the [CARES Act] to include over-the-counter drugs without prescriptions and menstrual care products."

Internal Revenue Service [IRS]

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