May 13, 2020: BAN Legal Alert: IRS Relaxes Election Change, Other Rules for Cafeteria Plans and FSAs

Please find below a link to the BAN Legal Alert on IRS Notices 2020-29 and 2020-33 which, among other things, allow employers to extend the claims period for health flexible spending arrangements (health FSAs) and dependent care assistance programs (DCAPs) and allow employees to make mid-year changes.