Rapid Response: CARES Act Health Benefit Plan Expansion – Apex Benefits

Rapid Response: CARES Act Health Benefit Plan Expansion

Apex Benefits and Axiom Human Resource Solutions present “Rapid Response,” a breakdown of legislative and compliance issues affecting Indiana employers and workers. This video is part of a series that addresses the $2 trillion Coronavirus Aid, Relief, and Economic Security Act or the ‘‘CARES Act” signed into law by the President on March 27, 2020.

This video outlines health plan expansion of benefits and HSA provisions of the CARES Act.

Health Benefit Plan Expansion and HSA Provisions

Group health plans and health insurance issuers shall be required to cover, without cost-sharing, any qualifying coronavirus preventive service.

Section 518 of ERISA to permit the Labor Secretary to provide extensions of certain ERISA compliance deadlines in the event of “a public health emergency declared by the Secretary of Health and Human Services.”

Section 3701. Telehealth and HSAs

  • A health plan shall not fail to be a high-deductible health plan for health savings account (HSA) purposes if the plan covers telehealth and other remote care services without application of a deductible.

Section 3702. Over-the-Counter Medical Products without Prescription

  • Allows patients to use funds in HSAs and Flexible Spending Accounts for the purchase of over-the-counter medical products specifically related to quarantining and social distancing, without a prescription from a physician.

Section 3703. Expanding Medicare Telehealth Flexibilities

  • Eliminates the requirement in (Phase I legislation) that limits the Medicare telehealth expansion authority during the COVID-19 emergency period to situations where the physician or other professional has treated the patient in the past three years.
  • This would enable beneficiaries to access telehealth, including in their home, from a broader range of providers, reducing COVID-19 exposure.

 

 

NOTE: This presentation/information is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice.  

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