On May 12, 2020, the Internal Revenue Service (IRS) issued two notices that impact benefits that fall under an employer’s Section 125 Benefits. Below are some key points to know about these notices. Plan Amendments All the relief items issued in IRS Notices 2020-29...
During the COVID-19 pandemic we understand that many of the changes that have occurred can be overwhelming. FBA is here to keep you up-to- date on information that pertains to you. With a change in the IRS regulations due to COVID-19, the information below contains...
As the COVID-19 pandemic continues, we have received and reviewed many of your concerns. Just as you are learning to adapt and adjust, FBA is doing the same, and we are still dedicated to being a trusted source for you. The Coronavirus Aid, Relief and Economic...
Earlier today, the IRS issued Notice 2020-15, which allows high-deductible health plans (HDHPs) to cover the testing and treatment for the Novel Coronavirus (COVID-19) pre-deductible. This will allow for any expense that goes towards testing and treatment of COVID-19...
Introduction As more companies begin to offer pre-tax deductible plans it’s important that employees learn what they are all about. The word “deduction” can be a scary word when it comes to your paycheck. As experts in pre-tax plans, we are here to explain what...
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