IRS Temporarily Relaxes Section 125 Cafeteria Plan Election Change and “Use It or Lose It” Rules in Response to COVID-19 Pandemic
By Luke D. Bailey / May 14, 2020 On May 12, 2020, in Notice 2020-29, the IRS substantially relaxed and simplified cafeteria plan election-change and grace-period rules. The Permitted Changes Notice 2020-29 permits employers to adopt one or more of the following changes to existing cafeteria plans for 2020: An employee who did not elect group health plan […]