Home Health Insurance InsureBlog: CV-19 Alphabet Soup: Another Update

InsureBlog: CV-19 Alphabet Soup: Another Update

by Insuredwell
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• Prospectively enroll employee or family member in employer sponsored health coverage without an event

• Prospectively change to another health plan option of the same employer without an event

But wait, there’s more! They may also:

• Prospectively enroll, increase, decrease, or revoke FSA elections for any reason. Employers may limit decrease/revoke to the reimbursement already provided

Again, these are voluntary; an employer doesn’t have to adopt any or them.

Oh, this is pretty nifty:

Temporary Relief from Use-Or-Lose Rule
Claim Grace Periods under Health FSAs and Dependent Care FSAs

Employers may amend their health FSAs and/or Dependent Care FSAs to provide (or extend) a claims grace period during 2020. 

There are some provisos attached, but still, a nice option.

For complete details click here.

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