In CAA-21 Guidance, IRS Addresses Health FSA and DCAP Carryovers, Extended Claims Periods, COBRA Interactions, and More | Practical Law
The Internal Revenue Service (IRS) has issued guidance for cafeteria plans in response to the US outbreak of COVID-19, the disease that results from SARS-CoV-2 (Notice 2021-15). The guidance, which implements changes under the Consolidated Appropriations Act, 2021 (CAA-21), implements relief provisions for health flexible spending arrangements (health FSAs) and dependent care assistance programs (DCAPs).