IRS Relaxes Election Change, Other Rules for Cafeteria Plans and FSAs

Author: Sue Thomas

Category: COVID-19

Plan sponsors now have the option of expanding mid-year election change opportunities, carry-overs and grace periods. When reviewing the options, keep in mind that any change made to your cafeteria plan requires an amendment. Details about the new, temporary rules are provided by our partners at Benefit Advisors Network (BAN). Click here for the document from BAN.

Our COVID-19 blog includes two older posts about dependent care accounts and opportunities for participants to either suspend or alter their contributions. Those posts, located here and here, are still valid for employers who decide not to implement the temporary, expanded mid-year contribution rules described above.

About the Author

Sue Thomas

Posted in: COVID-19

Posted by Sue Thomas

Director, Contracts & Compliance. Sue has more than 30 years of intensive, hands-on experience working with a wide variety of employee benefit plans. As the Director of Contracts and Compliance, Sue is responsible for the management of all BSG® client contracts, including insured contracts, service contracts, and self-insured contracts as well as ensuring that these materials comply with all applicable state and federal benefit regulations. A graduate of the University of Wisconsin-Milwaukee, Sue has completed the RHU program, six CEBS courses and holds a Life and Health agent license.