April 17, 2020
As everyone wades through the uncertainty and daily changes associated with COVID-19, EctoHR has been monitoring changes to assist employers with navigating these uncharted waters. A significant piece of Federal legislation, The Coronavirus Aid, Relief and Economic Security (CARES) Act, was signed into law on March 27, 2020. This law includes key changes to employer-sponsored health plans and retirement plans. Below is a summary of the most notable changes associated with the benefit provisions of the Act, including how they specifically help employees.
Group Health Plans & Expanded Use of HSAs
Retirement Plans
With many of the CARES Act provisions providing helpful resources to employers, it is important to be mindful of the legislation that could be immediately impactful to employees. EctoHR will do our best to keep you up-to-date on all of the legislation, including some of the changes that may get less attention than others.
For more information regarding the CARES Act or other COVID-19 changes, reach out to an HR professional at hr@ectohr.com or 810.534.0170.
As everyone wades through the uncertainty and daily changes associated with COVID-19, EctoHR has been monitoring changes to assist employers with navigating these uncharted waters. A significant piece of Federal legislation, The Coronavirus Aid, Relief and Economic Security (CARES) Act, was signed into law on March 27, 2020. This law includes key changes to employer-sponsored health plans and retirement plans. Below is a summary of the most notable changes associated with the benefit provisions of the Act, including how they specifically help employees.
Group Health Plans & Expanded Use of HSAs
Retirement Plans
With many of the CARES Act provisions providing helpful resources to employers, it is important to be mindful of the legislation that could be immediately impactful to employees. EctoHR will do our best to keep you up-to-date on all of the legislation, including some of the changes that may get less attention than others.
For more information regarding the CARES Act or other COVID-19 changes, reach out to an HR professional at hr@ectohr.com or 810.534.0170.