In response to the spread of the 2019 Novel Coronavirus (COVID-19), President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) into law on March 27, 2020. The CARES Act is the third phase in Congress’ response to COVID-19 following the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 and the Families First Coronavirus Response Act (FFCRA). The roughly $2 trillion CARES Act provides emergency relief aimed to assist businesses, individuals, and hospitals during the period of public health emergency due to COVID-19. The CARES Act provides various benefits to individuals such as cash payments and increased unemployment benefits, as well as funding for various state and federal programs. This Advisor focuses on the CARES Act’s material amendments to the FFCRA and the CARES Act’s benefits provisions.
Download the full Advisor to learn more about:
- Department of Labor Temporary Non-Enforcement of FFCRA Violations
- Health Plan Mandatory No-Cost COVID-19 Testing and Treatment
- Account-Based Health Plans
- Confidentiality of Medical Records Relating to Substance Use Disorder
- Retirement Plans
Please note that due to the daily issuance of guidance from regulatory agencies, information is subject to change.