COVID-19 Guidance & Tips: Information for HR Professionals

HR ELEMENTS: Ideas & Tips for HR Professionals As we work to establish a “new normal”, the guidance below will help your team execute the most effective return to work plan in the safest manner. This article will address topics and questions such as: New policies for returning to work post COVID-19 Can companies require …

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April Compliance Recap

The President signed the Paycheck Protection Program and Health Care Enhancement Act (PPPHCEA). The Department of Labor (DOL) and the Department of the Treasury (Treasury) released a final rule extending certain timeframes under the Employee Retirement Income Security Act (ERISA) and Internal Revenue Code (IRC) for group health plans, disability, and other welfare plans, pension …

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Internal Revenue Service Notice 2020-33

The Internal Revenue Service (IRS) issued IRS Notice 2020-33 (Notice) that increases the limit for unused health flexible spending account (health FSA) carryover amounts from $500 to a maximum of $550 (carried over from a 2020 plan year to a 2021 plan year), as adjusted annually for inflation. Notice 2020-33 also clarifies the ability of …

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Internal Revenue Service Notice 2020-29

The Internal Revenue Service (IRS) issued IRS Notice 2020-29 (Notice) that provides increased flexibility for making mid-year elections or changes under a Section 125 cafeteria plan during calendar year 2020 related to employer-sponsored health coverage, health flexible spending arrangements (health FSAs), and dependent care assistance programs (DCAPs). This notice also provides increased flexibility with respect …

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