New IRS Rules for Section 125 Cafeteria Plans: Key Plan Amendments, Timing of Elections, Claims, HDHP Relief
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will provide employee benefits counsel with an in-depth analysis of recently IRS rules for Section 125 cafeteria plans and challenges for plan sponsors and administrators. The panel will discuss key provisions of recently issued IRS Notice 2020-29 and Notice 2020-33, the timing of elections, managing claims, and relief for high deductible health plans. The panel will also discuss considerations for plan amendments, compliance traps to avoid, and potential implications for plan sponsors and administrators.
Outline
- IRS Notice 2020-29
- IRS Notice 2020-33
- Plan amendments
- Compliance traps and best practices for plan sponsors and administrators
Benefits
The panel will review these and other key issues:
- What are the key provisions of IRS Notice 2020-29 and Notice 2020-33?
- What are the critical issues regarding the timing of elections?
- What are the key provisions for amending cafeteria plans in accord with IRS Notice 2020-29 and Notice 2020-33?
- What are the potential challenges in managing claims?
- What relief is provided for high deductible health plans?
- What are the potential compliance traps and methods to avoid them?
Faculty
Dannae Delano
Partner
The Wagner Law Group
Ms. Delano concentrates her practice in employee benefits law, executive compensation and taxation. She counsels... | Read More
Ms. Delano concentrates her practice in employee benefits law, executive compensation and taxation. She counsels clients on all aspects of employee benefits design, implementation, termination, and compliance for retirement plans, health and welfare plans, and executive and incentive compensation arrangements. In the process, Ms. Delano focuses on comprehensive, practical and innovative employee benefits solutions for all types of employers
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Darcy L. Hitesman
Attorney
HitesmanLaw
Ms. Hitesman has 25 years of experience as an Employee Benefits law attorney. Throughout her career, she has been... | Read More
Ms. Hitesman has 25 years of experience as an Employee Benefits law attorney. Throughout her career, she has been committed to counseling and educating clients, both public sector and private sector, in the areas of employee benefits plan compliance with the Internal Revenue Code, ERISA, HIPAA, FMLA, COBRA and state insurance laws.
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Elizabeth Kappenman
Senior Counsel
Wells Fargo & Company
Ms. Kappenman supports the Health Savings Account (HSA) product offered by Wells Fargo Bank, N.A. She has... | Read More
Ms. Kappenman supports the Health Savings Account (HSA) product offered by Wells Fargo Bank, N.A. She has in-depth knowledge of laws affecting HSAs as well as laws affecting health and welfare benefits, including the ACA, HIPAA, ERISA, and the Internal Revenue Code.
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