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IRS allowing HSAs to cover COVID-19 testing and treatment

We all know that one person who would rather tough it out than to actually go to a doctor to figure out what is going on with them. Compound this with a fear of not being able to afford the cost of the doctor’s services. In normal situations, this would usually be another mark on the board of foolish things that this person has historically done. But, nowadays, with COVID-19 out there, this type of reticence could be deadly for not only them but numerous other individuals as well.

What you need to know about the CARES Act

On March 27, 2020 President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Below is a summary of several key provisions of the more than 800-page law. However, if you are home with little to do and have already finished watching The Tiger King, feel free to peruse the law itself here.

Updated: Layoffs and furloughs: Best practices and compliance considerations

We have added a Q&A to the end of the list about handling the employee portion of benefits that are continued as active through a furlough. As employers begin to lay off or place employees on furlough, they should consider the many issues that such actions can create. This Q&A includes answers to the most urgent questions we are receiving from employers. The information in this article is likely to change on a regular basis as the COVID-19 crisis continues to evolve, laws and regulations change, and we receive additional information from carriers and third-party administrators (TPAs). Please check back regularly for updates to our answers or guidance.