Changes to FSA and HSA Usage Under CARES Act

By Kapnick Insurance GroupApril 30, 2020May 4th, 2020Coronavirus

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) provides assistance for individuals and businesses negatively impacted by the COVID-19 pandemic.

Part of the CARES Act covers changes to FSA and HSA usage:
• Reimbursement of over-the-counter medicines
• Reimbursement of menstrual care products
• Telemedicine appointments for HSA-qualified plans

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The Transparency in Coverage Final Rules require certain group health plans to disclose on a public website information regarding in-network provider rates and historical out-of-network allowed amounts and billed charges for covered items and services in two separate machine-readable files (MRFs). The MRFs for the benefit package options under the Kapnick Insurance Group Benefit Plan are linked below:

bcbsm.sapphiremrfhub.com/tocs/current/kapnick_co_inc

Changes to FSA and HSA Usage Under CARES Act

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Changes to FSA and HSA Usage Under CARES Act

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