IRS Notice 2020-29 provides temporary flexibility to cafeteria plans

The Internal Revenue Service (IRS) issued Notice 2020-29 provides temporary flexibility for section 125 cafeteria plans to permit employees to make some changes to employer-sponsored health coverage, health FSAs, and dependent care assistance programs.  It states an employer, in its discretion, can make changes to allow eligible employees to make salary reduction contributions under the plan. For more details click on link provided to read the article.  Click here…

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