Employee Benefits Compliance Recap | December 2022
Gain Insights on Recent Employee Benefits Legislation
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Compliance Recap | December 2022
In November, the IRS released revised guidance to address the so-called “family glitch,” permitting employers to allow mid-year election changes when someone related to a plan participant is eligible to elect a qualified health plan on the Marketplace. This is also a good opportunity to review all of the change in status events that allow employees to make changes in a cafeteria plan.
This month’s recap includes:
- Cafeteria Plan Change in Status Events and Permissible Employee Election Changes
- 2023 Annual Benefit Card
- IRS Revises Guidance to Allow Expanded Mid-Year Cafeteria Plan Election Changes
- PCORI Fee Adjustment Announced
- Question of the Month