Fom the P&C Files: Flo meets Darth

 

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More CV-19 Alphabet Soup

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From our good friends at FlexBank/Navia , two new items: First up, ' Claims Run-out Deadline Extended for COVID-19 FSAs & HRAs .' At the end of last month, The Feds (Departments of Labor, Revenue, and Treasury) issued guidelines relaxing the benefit extensions for ' certain group health plans ' during this meshugas . These include disregarding the 'Outbreak Period,' that is, The Feds 'r ecognized that participants may find it difficult to comply with certain pre-established timeframes .' Paging Captain Obvious. To that end, the ' date within which participants must file a claim under your tax-free FSA or HRA plan's claims procedures has been extended to 60 days after the end of the Outbreak Period. ' Note that folks still have to incur eligible expanses in order to be reimbursed, just that there's now some flexibility in the timing of those reimbursements. Click here for more details on that. Next up, ' COBRA Timeframe Extension...
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