The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that was signed into law on March 27, 2020 permanently eliminates the ACA-imposed restriction that requires employees to obtain a prescription in order to be reimbursed for non-prescription “Over-The-Counter” drugs and medicines from a Health FSA, HSA, and certain HRA plans. This common sense change […]
The DOL has released rules related to administration of leaves under the Families First Coronavirus Response Act (FFCRA) and answered more common questions on their Questions and Answers page. Below you’ll find FFCRA guidance and some key highlights to keep in mind when administering these leaves. Documentation: Employers may not require more documentation from employees […]
1.0 HRCI & SHRM: Understanding COBRA Regulations – Including Continuation Coverage During COVID-19 DATE: Tues, April 28, 2020 TIME: Eastern 2:00 pm to 3:30 pm – Pacific 11:00 am to 12:30 pm Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if […]
Register for the webinar here After registering, you will receive a confirmation email containing information about joining the webinar. Request a recording here if you are unable to attend the live session. BASIC’s Regional Director, Jordan Salton, will be presenting the services and solutions of BASIC Payroll Plus. BASIC’s full-service Payroll, Timekeeping, and Human Capital Management […]
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on Friday. This CARES Act contains an important provision that will affect HSAs, HRAs, and FSAs. Effective Immediately: FSAs, HRAs, and HSAs can now reimburse or pay for over-the-counter drugs and medicines without a note of medical necessity or prescription from a physician. Menstrual […]
Families First Coronavirus Response Act (FFCRA) Since the enactment of the Families First Coronavirus Response Act on March 18, new information and guidance has been released every few days, though still much slower than employers would like. We have summarized what we believe to be the most relevant new information below. We will continue to […]
COBRA Insurance (COBRA Continuation Coverage) As the coronavirus (COVID-19) outbreak continues to develop, many are feeling its effects in the workplace in the form of reduced hours (furlough) or layoffs. Some employees have already lost or will lose their group health coverage in the coming weeks. This is a major concern, since about 49% of […]
On Tuesday, March 24, the Department of Labor (DOL) announced that the effective date of the leaves available through the Families First Coronavirus Response Act (FFCRA) will be April 1, 2020. Based on the language in the bill, the effective date was widely believed to be April 2. The DOL announced the effective date in […]
You can view the recording for this webinar here. You can view our entire webinar library here. DATE: Tue, Apr 7th & 9th, 2020 TIME: 2:00 pm ET to 3:30 pm ET On March 18, President Trump signed into law the Families First Coronavirus Response Act (H.R. 6201). The law is set to take effect […]
On March 18, 2020, the Senate voted to approve, and President Trump signed, the Families First Coronavirus Response Act (the Act). The Act is substantively the same as the version approved by the House of Representatives on March 16, 2020, is effective no later than 15 days after the date of the enactment, and sunsets […]
