IRS Clarifies Transition Relief for Cafeteria Plan Elections

Health Care Reform bulletinOn Oct. 31, 2013, the IRS released Notice 2013-71 to clarify a transition rule allowing amendments to a cafeteria plan to permit certain changes in salary reduction elections.

Relief is available to employers with a cafeteria plan that have a non-calendar plan year beginning in 2013, regardless of the size of the employer.

More Information can be found in this HCR Bulletin – IRS Clarifies Transition Relief for Cafeteria Plan Elections or contact Bill Brown (bbrown@thenoblegroup.com) for more information on the transition relief for cafeteria plans or the “use-or-lose” rule for health FSAs.

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