Final Rule on the Extension of Certain Timeframes For Employee Benefit Plans, Participants, and Beneficiaries Due to COVID-19

PUTTING PEOPLE FIRST

The Department of Labor (DOL) has issued a final rule on the extension of certain timeframes for employee benefit plans, participants, and beneficiaries due to COVID-19. The timing extensions are issued to help alleviate problems faced by health plans to comply with strict ERISA and IRC timeframes and problems faced by participants and beneficiaries in exercising their rights during COVID-19.

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