On May 12, 2020, in Notice 2020-29, the IRS substantially relaxed and simplified cafeteria plan election-change and grace-period rules. Notice 2020-29 permits employers to adopt one or more of the ...

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Section 125 cafeteria plans are relatively easy to set up and are extremely beneficial to both employers and employees, but they should not be considered “set-it-and-forget-it plans.” An increase in ...

Editor’s Note: IRS Notice 2022-41 changed the rules governing mid-year election changes and cafeteria plans in light of the final regulations that fixed the so-called “family glitch” under the ACA.

What happens if an employee wants to drop out of the company plan and get into the exchange? Seems like an option except the cafeteria plan rules prevent someone from making a mid-year change in their ...

It’s common for employers to require employees to pay a share of premiums for many employee benefits. To take a bite of this cost-sharing requirement, many employers permit employees to pay for their ...

Your article was successfully shared with the contacts you provided. Here are 5 things that will help clarify how cafeteria plans work with Health Savings Accounts (HSAs). If an employer wants to ...