,We remain focused on our commitment to providing our clients access to care and easing their financial burden related to COVID-19. A new federal law expands how members can use their health savings accounts (HSAs), health reimbursement accounts (HRAs - Employee Pay), and flexible spending accounts (FSAs):
Employers don't need to do anything to make this change happen. It was made as part of the federal Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which was signed into law March 27. It went into effect immediately.
Here's an employer flier and an employee flier from ANTHEM, you can share, letting your employees know about the changes.
We're steadfast in our commitment to support you and ensure our clients have affordable access to care. We'll continue to provide you with resources and updates related to COVID-19.
CARES Act Resources
Coronavirus Aid, Relief, and Economic Security Act (Cares Act) Resources
Smart Choice® is thinking of our agency partners at this time. We will be compiling articles and resources on this page to keep you informed of the options available through this lending program.
SBA Paycheck Protection Program and Economic Injury Disaster Loans applications open Friday, April 3 for small businesses and sole proprietors. Applications for independent contractors and self-employed individuals open Friday, April 10.
It is important that you discuss these options with your local bank representative to determine your eligibility.
Paycheck Protection Program sample application
U.S. Department of TreasuryU.S. Senate Committee on Small Business & Entrepreneurship
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