Apr 7, 2020 | Announcements, Consumer-driven Health Plans, Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), News, Over-the-counter (OTC) drugs, Prescription, Regulatory
The CARES Act signed into law by President Trump on March 27 permanently reinstates coverage of over-the-counter (OTC) medications as eligible for reimbursement from FSAs, HRAs and HSAs without need for a prescription. Under the reinstated coverage, account funds can...
Apr 5, 2020 | Announcements, Caroline Fraker, Compliance, Consumer-driven Health Plans, Coronavirus, COVID-19, Dependent care assistance plan (DCAP), Family and Medical Leave Act (FMLA), Flexible spending accounts (FSAs), Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), Kentucky, News, Ohio, Over-the-counter (OTC) drugs, Prescription, Regulatory, Telemedicine
The COVID-19 pandemic has resulted in a rush of new federal and state laws to address the need for testing and treatment of the coronavirus, in addition to resulting issues from work and child care changes. Many of these rules directly affect MedBen clients, so it’s...
Mar 26, 2020 | Announcements, Caroline Fraker, Compliance, Coronavirus, COVID-19, Department of Labor, News, Regulatory
As MedBen has reported to you elsewhere on this blog, the Families First Coronavirus Response Act (“FFCRA”) requires private employers with fewer than 500 employees and public employers with at least one (1) employee (a “Covered Employer”) to provide their employees...
Mar 25, 2020 | Coronavirus, COVID-19, News, Telehealth, Telemedicine
As many of you now know, the Families First Coronavirus Response Act requires that group health plans cover telehealth office visits related to the ordering of a COVID-19 test for a covered employee or dependent. Given the current “stay-at-home” and “social...
Mar 25, 2020 | COVID-19, Government, Health Savings Accounts (HSAs), IRS, News, Uncategorized
As a result of COVID-19, the Internal Revenue Service (IRS) has clarified that the deadline for making health savings account (HSA) and individual retirement account (IRA) contributions for the 2019 tax year has been extended to July 15, 2020. This matches the new...
Mar 24, 2020 | Announcements, Caroline Fraker, Compliance, Coronavirus, COVID-19, Kentucky, News, Ohio, State legislation
Earlier this month, the Governors of Ohio and Kentucky declared state emergencies that mandated self-funded public employers to make temporary changes to their health plans in the wake of the COVID-19 crisis. MedBen’s summaries of these public employer...
