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Most business owners and leaders find themselves in uncharted waters as they attempt to rebuild their businesses and teams from the impacts of the COVID-19 pandemic.
The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) is the third significant piece of federal legislation recently enacted in response to the COVID-19 pandemic. This latest law follows the Coronavirus Preparedness and Response Supplemental Appropriations Act and the Families First Coronavirus Response Act (“FFCRA”), which were signed into law on March 6 and March 18, 2020, respectively. Collectively, these three laws combine broad-based economic stimulus with targeted measures aimed a propping up the U.S. economy and workforce.
Patient First is now bringing Physician consultations to you through Telehealth services.
Telehealth is currently available to patients in Maryland, Virginia, Pennsylvania, and New Jersey. If you live in one of those states, have been treated at a Patient First facility within the past five years, and are at least 18 years old, you can speak with a Patient First Physician through your smartphone, tablet, or computer.
Dear Brooks Financial Group (BFG) Family,
On May 12, the IRS released two notices allowing employees during 2020 to make changes to their enrollments in employer-sponsored health plans, and to adjust pre-tax contributions to health flexible spending accounts (FSAs) and dependent care flexible spending accounts (Dependent Care FSAs).
We would like to share important information regarding Telehealth and Virtual Care. During the COVID-19 pandemic, most insurance carriers are providing these services under the Affordable Care Act's (ACA) Preventative Care Benefits, with no cost to the member.
On April 28, 2020, the Department of Labor issued a rule that extends many deadlines under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue code. This rule impacts group health plans, disability and other welfare plans, pension plans, and participants and beneficiaries of these plans during the COVID-19 national emergency.
Below is a summary of the primary changes regarding how this rule applies to plans.
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This law brought a variety of relief measures aimed to aid in the fight against COVID-19. This communication will focus on the changes to Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs).
The unpredictability of the current COVID-19 situation is complex, and Brooks Financial Group (BFG) understands how stressful that can be during these difficult times. Many employers are faced with limiting hours and furloughing employees. The insurance carriers want to remain flexible and accommodating. As such, many insurance carriers are relaxing eligibility requirements during this crisis and are establishing an extended relief period until May 31, 2020.
March 26, 2020
In addition to directly impacting the health and safety of thousands, the COVID-19 outbreak is contributing to widespread interruption and loss of income for individuals and businesses across the country. During this challenging time, CareFirst is committed to ensuring that our members’ policies are not cancelled for nonpayment of premium and there is flexibility in eligibility requirements in order to reduce barriers to care.