What You Need to Know About IRS Notices 2020-29 & 2020-33: The Impact to Your Business

On May 14, the IRS released Notices 2020-29 and 2020-33, which have major implications for cafeteria plans, health benefit accounts, high-deductible health plans (HDHPs) and more. Briefly, the changes include:

  • Employer plan amendment opportunities > unprecedented mid-year changes
  • Grace period extensions > additional spending timeframes
  • COVID-specific changes > HDHPs, testing and treatment, and telehealth services
  • ICHRA premium clarity > start dates and reimbursement

These developments, designed to assist with the nation’s response to the COVID-19 outbreak, have account-based plan administrators asking timely, relevant questions:

  • What are these changes?
  • How, and to what magnitude, will these changes impact enrollment, elections or spending?
  • What do these developments mean to consumers, plan sponsors and my business?
  • If adopted, how can I operationalize these changes?

Join Alegeus, in partnership with Foulston Siefkin’s Jason Lacey, as we explore the likely impact of these developments. You’ll have the opportunity to ask questions and learn more.

View webinar

Sign up for our newsletter

Never miss an Alegeus webinar. Sign up to receive updates today!


Related content

View all webinars

Simplifying ICHRAs: How to provide a seamless ICHRA and benefits enrollment experience

The Impact of the COVID-19-Induced Economic Crisis on U.S. Health Insurance and Benefits: Navigating Through the Fog

What You Need to Know About IRS Notices 2020-29 & 2020-33: The Impact to Your Business

Assessing the Impact of COVID-19 On Your Benefit Account Administration Business

Provide Financial Stability During the Crisis: Introducing the Employee Care Card from Alegeus

COVID-19: Ask the Regulatory/Compliance Expert

Implementing the New California FSA Notice Requirement: Key Questions – and a Few Answers

Understanding Fraud Prevention and the Alegeus Platform

New research insights unveiled: Employer perspectives on TPA products, service & engagement strategies

Will the Alegeus Smart Account Disrupt and Revolutionize Your Experience & Value Proposition?

Turbocharge Your CDH Participation with AI & Intelligent Decision Support

Drive bottom-line results: Maximize account adoption and funding with Alegeus’ open enrollment program