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CARES Act: HDHPs and Telemedicine; OTC Medications Become Eligible Healthcare Expenses

President Trump has signed the CARES Act (H.R. 748), approved today by Congress. This $2 trillion bill is designed to provide economic relief for American citizens and businesses due to the COVID-19 healthcare emergency that has greatly impacted the U.S. economy. The bill provides direct stimulus payments to individuals and extended unemployment benefits. In addition,


COVID-19 Changes Affecting COBRA, FSA and HRA Benefits

On April 29, 2020, the IRS, Department of Labor and other federal agencies published a final notice providing COVID-19 relief guidance on COBRA extensions.  The notice also extended run-out periods for health Flexible Spending Account (FSA) and Health Reimbursement Arrangement

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COVID-19 May Affect Nondiscrimination Testing

To avoid failing ADP and ACP testing, industry experts recommend employers utilize mid- or quarter-year projection testing. Doing so can foresee outcomes. BECAUSE OF THE ECONOMIC IMPACTS of the COVID-19 pandemic, defined contribution (DC) plan sponsors may be making changes that