Law stated as of 26 May 2020 • USA (National/Federal)
In May 2020, the Internal Revenue Service (IRS) issued relief guidance for cafeteria plans in response to the US outbreak of COVID-19, the disease that results from SARS-CoV-2 (Notice 2020-29). Notice 2020-29 permits changes to the rules governing mid-year elections for cafeteria plans relating to employer-sponsored health coverage, health flexible spending arrangements (health FSAs), and dependent care assistance programs (DCAPs). Notice 2020-33 increases the carryover limit for unused amounts under health FSAs, among other provisions.