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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2020 Employee Benefit Plan Limits

Many employee benefits are subject to annual dollar limits that are periodically updated for inflation by the IRS, including the following: High deductible health plans (HDHPs) and health savings accounts (HSAs) Health flexible spending accounts (FSAs) 401(k) plans, and Transportation fringe benefit plans. For 2020, there will be an increased limit in HSA contributions for…
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