IRS Rule Shift Lets Workers Make Benefits Changes Midyear — If Their Employer Agrees

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The IRS has announced that with employer approval, employees will be allowed to add, drop or alter some of their benefits — including flexible spending account contributions — for the remainder of 2020.

The new guidance amounts to a midyear open-enrollment period and applies to firms that buy health insurance to cover their workers as well as to those that self-insure — paying claims on their own.

(Image credit: Virojt Changyencham/Getty Images)

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