Important Update Regarding COBRA

Important Announcement: Extension of Certain Timeframes for Employee Benefit Plans, Participants, and Beneficiaries Affected by the COVID-19 Outbreak. The Department of Labor, jointly with the Department of the Treasury, this week issued a notice that extends certain time frames affecting participants’ rights to elect continuation of group health plan coverage under COBRA, and also extends…
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CARES Act Makes Changes for Health Plans

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security Act (CARES Act) into law to provide $2.2 trillion in federal funding to address the COVID-19 crisis. The CARES Act makes a variety of changes affecting health plans. These changes include: Expanding the types of coronavirus testing that all health plans…
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Message from JFA regarding the Coronavirus

To all of our valued clients and business partners, The health and safety of our employees, clients and friends is of utmost importance to us here at JFA. As such, we wanted to let you know how we are fully operational as we work through continued guidance from authorities related to the coronavirus (COVID-19). Several…
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IRS Allows HDHPs to Cover Coronavirus Costs

On March 11, 2020, the Internal Revenue Service (IRS) issued Notice 2020-15 to advise that high deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19) testing and treatment before plan deductibles have been met, without jeopardizing their status. According to the IRS, this also means that individuals with HDHPs that cover these costs…
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Coronavirus Disease 2019 (COVID-19): Interim Guidance for Businesses and Employers to Plan and Respond

As the coronavirus disease 2019 (COVID-19) continues to spread, we want to ensure you have access to resources to help you manage this evolving situation.  We know that it can be a challenge to figure out how to plan for a situation such as this within your business and how to best to advise and…
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