Covid-19 | Member Resource
For group health plans subject to Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code, the relief allows additional deadline time through the “Outbreak Period.”
The “Outbreak Period” began March 1, 2020 and will end 60 days after the date the federal government declares the COVID-19 national emergency has ended (date yet to be determined) or another date announced by the DOL and Treasury in a future notice. The rule provides that, in regard to ERISA, the Outbreak Period may not be longer than one year.
There have been a lot of changes during this past month as the nation deals with COVID-19. This list will hopefully help you find the answers you need regarding your health accounts and the recent changes.
Have more questions? Contact us.