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… well as HFSAs and DCAPs. The Notice also addresses issues regarding grace periods for claims reimbursement and provides details on previous guidance affecting high-deductible health plans (HDHP). Background Internal Revenue Code (IRC) Section 125 allows employers to adopt a written plan to let employees elect to pay for certain benefits, including group health plan coverage, on a pre-tax basis through salary reductions. Section 125 also permits employees to contribute pre-tax reductions to an HFSA or DCAP and certain other benefits. Employees generally cannot change cafeteria plan elections during the year unless they experience a change in status …

Quick Facts: The Employee Benefits Security Administration (EBSA) today issued new model notices that plans may use to provide the required general and election notices under the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). The new model notices contain more detail regarding how COBRA interacts with Medicare. The EBSA also released new FAQs to address the interplay between COBRA and Medicare. Employers who have developed their own COBRA notices based on the existing EBSA templates should update their notices to incorporate the latest details regarding COBRA and Medicare. The U.S. Department of Labor’s Employee Benefits Security Administration …

… what they need to do with the poster. The FAQs have been updated to include reference to the updated poster, and are summarized below. Where do I post this notice? Since most of my workforce is teleworking, where do I electronically “post” this notice? Each covered employer must post a notice of the Families First Coronavirus Response Act (FFCRA) requirements in a conspicuous place on its premises. An employer may satisfy this requirement by emailing or direct mailing this notice to employees, or posting this notice on an employee information internal or external website. Do I have to post this

… 15, 2020. In turn, the IRS extended the standard deadline for contributions to HSAs. The FAQs also clarify that individuals have until July 15, 2020 to withdraw excess HSA contribution amounts (and any interest or income on the excess amounts) to avoid the 6% excise tax on excess contributions. EPIC Employee Benefits Compliance Services For further information on this or any other topics, please contact your EPIC consulting team. Learn About Our Employee Benefits Compliance Services EPIC offers this material for general information only. EPIC does not intend this material to be, nor may any person receiving this information construe …