On Wednesday, August 19, 2020, Darcy Hitesman and Howard D. Bye-Torre (attorney – Stoel Rives LLP) will be discussing wrap documents and bundling plans (pros, cons and logistics) during a two hour live webinar commencing at 12pm CT. For more information and to register for the webinar sponsored by EBIA Learning – Thomson Reuters, please click here: https://checkpointlearning.thomsonreuters.com/CourseFinder/CourseDetails/Wrap-Documents-and-Bundled-Plans-Pros-Cons-Logistics/11736
Webinar Description: Why do some employers “bundle” all of their health benefits into one plan, while others maintain separate plans for different types of benefits? These decisions can have implications under ERISA, COBRA, and various aspects of Affordable Care Act compliance. We’ll explore what factors employers and their advisors should consider—for insured and self-insured plan. And we’ll discuss the logistics of bundling, including drafting tips for wrap documents and SPDs.
On Tuesday, August 25, 2020, Darcy Hitesman, Dannae Delano (Attorney – Wagner Law Group), and Elizabeth Kappenman (Sr. Counsel – Wells Fargo & Company) will be discussing the new IRS rules for Section 125 cafeteria plans (key plan amendments, timing of elections, claims, HDHP relief) during a 90-minute live webinar commencing at 12pm CT. For more information and to register for the webinar sponsored by Strafford, please click here https://www.straffordpub.com/products/new-irs-rules-for-section-125-cafeteria-plans-key-plan-amendments-timing-of-elections-claims-hdhp-relief-2020-08-25
Webinar Description: On May 12, 2020, the IRS issued Notice 2020-29 and Notice 2020-33, providing new rules and guidance for Section 125 cafeteria plans. These Notices provide options for employers regarding cafeteria plan benefits, and counsel must recognize critical legal implications and compliance issues. IRS Notice 2020-29 provides employers with the option of amending its cafeteria plan to allow employees to make proposed changes to their health plan and health FSA and dependent care FSA elections in 2020, which can apply retroactively to Jan. 1, 2020. IRS Notice 2020-33 also provides an allowable carryover of unused healthcare FSA balances from one plan year to the next. It removes prior limits on the treatment of reimbursements of medical care expenses for health reimbursement arrangements. Employee benefits counsel and employers must carefully reevaluate current plan structures and determine whether they need amending. Any plan amendments under Notice 2020-29 and Notice 2020-33 must be adopted no later than Dec. 31, 2021, and be effective retroactively to Jan. 1, 2020. Listen as our panel discusses crucial provisions of IRS Notice 2020-29 and Notice 2020-33, considerations for plan amendments, compliance traps to avoid, and potential legal implications for plan sponsors and administrators.
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As a leader in employee benefits law, Darcy Hitesman founded Hitesman & Wold in order to help public and private employers, insurers and third-party administrators nationwide stay informed and minimize the risk of non-compliance issues.
Hitesman & Wold provides a wealth of legal experience to their clients in the areas of ERISA, COBRA, HIPAA, Health Care Reform, welfare plans, cafeteria plans, HRAs, and VEBAs.
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