Coronavirus and the subsequent institutional reactions have had and will have a profound impact on the way businesses manage their employees. HR and benefits professionals need to make sure their people are adequately covered, and that they’re looking to a short and long term significantly influenced by COVID-19.
Specifically for consumer-directed health care (CDH), which we believe was trending up prior to the crisis, the CARES Act outlines eligibility for HSAs, FSAs, and HRAs to expense over-the-counter medicines and menstrual care products. This adds flexibility for the consumer and stretches the applications of insurance dollars. Read More: BenefitsPRO