COVID-19 Guidance Under Section 125 Cafeteria Plans and Related to HDHPs

On May 12, the Internal Revenue Service released Notice 2020-29 providing guidance to address:

  • Midyear changes for section 125 cafeteria plans
  • Grace periods for health Flexible Spending Accounts (FSAs)
  • The impact of COVID-19 testing and treatment
  • Telehealth services on Health Savings Account (HSA) eligible high deductible health plans (HDHPs) 

 

Below, NueSynergy has provided a summary of the guidance:
COVID-19 Guidance Notice Summary