Many of our clients have Teladoc telemedicine services embedded in their health program, while offering an HSA compatible health plan. There has been much discussion over whether the HSA plans would remain compatible if Teladoc were to pay 100%/no copay for Covid-19 services.
Florida Blue is actively engaged in the COVID19 fight and is committed to supporting its members and their communities as this difficult situation evolves. To further support our members, the company is waiving member cost-sharing for all COVID19 treatment services – including inpatient hospital admissions – for its fully insured commercial insurance plans, including Affordable Care Act (Marketplace), individual and Employer Group coverage, and for its Medicare Advantage health plans.
Assuming President Trump signs off on the package, which is expected, please find below some enhancements to FSA’s, HSA’s and HRA’s:
On March 18, 2020, the President signed the Families First Coronavirus Response Act (the “Response Act” or the “Act”). The Act becomes effective on April 2, 2020 and will impact small businesses in a number of ways. This article will address four parts of the Act that employers should be aware of:
This article was originally written by PAYPRO.
The President signed the March 18 legislation that created a federal paid sick leave requirement for coronavirus-related needs and expanded the Family and Medical Leave Act to include a paid leave component for employees caring for children whose schools or child care facilities were closed because of the virus outbreak.