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COVID-19 News

  • IRS Notice 2021-31: Premium Assistance for COBRA Benefits

    On May 18, 2021, the IRS released additional guidance for the COBRA Premium Assistance (Subsidy) under the American Rescue Plan.  The guidance included additional clarification around eligibility requirements, employer tax credits and Federal and State continuation provisions.… Read More

  • IRS Allows for Reimbursement of PPE from Health FSAs, HRAs and HSAs

    On Friday March 26, 2021 the IRS announced that personal protective equipment (PPE) that is purchased for the primary purpose of preventing the spread of COVID-19 is now treated as an eligible medical expense under Section 213(d) of the IRS code. PPE includes masks, hand sanitizer and sanitizing wipes.… Read More

  • Mini-COBRA Timeframe Extension Information

    The recent Department of Labor (DOL) regulation requiring COBRA timeframe extensions DOES NOT apply to mini-COBRA groups. COBRA regulations state that an employer qualifies as mini-COBRA if they employ fewer than 20 employees on at least 50 percent of the employer’s “typical business days” in the prior year.… Read More

  • Expansion of Mid-Year Election Changes to §125 Cafeteria Plans

    The IRS recently issued Notice 2020-29, in response to the COVID-19 pandemic. The notice offers employers greater flexibility with respect to mid-year election changes under a Section 125 cafeteria plan, including an election under a health flexible spending account, a limited purpose health flexible spending account (collectively referred to as “Health FSA”) and dependent care flexible spending account (“Dependent Care FSA”).… Read More

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