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.