IRS Announces New COVID-19-Related Guidance for Section 125 Cafeteria Plans and Related High Deductible Health Plans, and ICHRAs

On May 12, 2020, the IRS issued Notices 2020-29 and 2020-33, which provide guidance for Section 125 plans for calendar year 2020 and related High Deductible Health Plans (HDHPs), as well as Individual Choice Health Reimbursement Arrangements (ICHRAs). Together, the two notices relax the rules relating to election changes for health plans offered under a […]