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Wednesday, April 15, 2020

Coronavirus Pandemic Impact On Health Spending Accounts

In light of the Coronavirus pandemic, Congress, the Office of Personnel Management (OPM),  and the IRS have made key changes affecting the use of tax-free funds that reside in tax preferred spending accounts:

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Monday, March 30, 2020

CARES Act Impact on Health Insurance

On March 27, 2020,  the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) became law.  The CARES Act amends certain provisions of the Families First Coronavirus Response Act (“FFCRA”).  CARES also temporarily eliminates deductibles for certain services in HSA Qualified High Deductible Health Plans (HDHPs), and temporarily expands the list of qualified expenses reimbursable through HSAs, HRAs, and FSAs.