November 2023 | SSG Compliance Recap

In November, the IRS released revised guidance to address the so-called "family glitch," permitting employers to allow mid-year election changes when someone related to a plan participant is eligible to elect a qualified health plan on the Marketplace. This is also a good opportunity to review all of the change in status events that allow employees to make changes in a cafeteria plan.

This month's recap includes:

• Cafeteria Plan Change in Status Events and Permissible Employee Election Changes
• 2023 Annual Benefits Comparison Chart
• IRS Revises Guidance to Allow Expanded Mid-Year Cafeteria Plan Election Changes
• PCORI Fee Adjustment Announced
• Question of the Month

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_{This information is general information and provided for educational purposes only. It is not intended to provide legal advice. You should not act on this information without consulting legal counsel or other knowledgeable advisors.}

_{SOURCE: United Benefits Advisors (UBA) and Fisher Phillips, Atlanta.}