Faqs

The CARES Act states that consumers can purchase OTC drugs and medicines with funds from their health savings account (HSA), flexible spending accounts (FSA) or health reimbursement arrangement [...]

The CARES Act states that “telehealth and other remote care services” below the deductible will be permitted in an HSA-compatible high deductible health plan (HDHP). This provision is [...]

The CARES Act states that consumers can purchase OTC drugs and medicines with funds from their health savings account (HSA), flexible spending accounts (FSA) or health reimbursement arrangement [...]

The CARES Act states that consumers can purchase OTC drugs and medicines with funds from their health savings account (HSA), flexible spending accounts (FSA) or health reimbursement arrangement [...]

Yes. Participants can reduce or terminate their dependent care account elections under these circumstances, as their childcare needs have changed. However, we advise account holders to keep in [...]

In our current business environment, many employers need to make difficult business decisions right now, including the possibility of laying off employees. Others may be placing employees on [...]

On March 23, 2020, President Trump signed into law the Families First Coronavirus Response Act (or FFCRA), which provides a wide range of assistance to employees during the COVID-19 crisis [...]

The IRS has issued Notice 2020-15 on March 11, 2020, which allows high-deductible health plans (HDHPs) to cover testing and treatment for COVID-19 without a deductible. In other words, [...]

As a follow-up to IRS Notice 2020-18, the IRS has confirmed that contributions to health savings accounts (HSAs) will be accepted up to the new filing deadline of July 15, 2020. The IRS states [...]

Yes. They can reduce or terminate their dependent care elections. Their childcare needs have changed. However, we are also counseling our clients that as long as both parents are still working, [...]