IRS Allows HDHPs to Cover COVID-19 Costs The IRS recently issued Notice 2020-15 to advise that high deductible health plans (HDHPs) can pay for coronavirus disease 2019 (COVID-19) testing and treatment before plan deductibles have been met, without jeopardizing their...
Business Travel After COVID-19 Travel—for both business and leisure—worldwide has virtually come to a standstill during the coronavirus pandemic. At this point, nobody knows when it will come back. Whenever that time comes though, travel will certainly be different...
STAYING SAFE WHILE RUNNING ESSENTIAL ERRANDS DURING THE COVID-19 PANDEMIC As communities across the United States take steps to slow the spread of coronavirus disease 2019 (COVID-19) by limiting close contact, people are facing new challenges and questions about how...
If you lose your current group health insurance, you may have several options for getting coverage, including COBRA continuation, a spouse’s plan or a Marketplace plan. If you go without coverage, not only will you have to pay all your medical bills out of pocket, but...
On Monday, March 30, 2020, the Treasury Department and the IRS announced that the distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most people. However, some seniors and...
In a press interview on Wednesday, April 8, 2020, Treasury Secretary Steven Mnuchin said that small businesses don’t need to worry about not being able to receive funding from the U.S. government in the wake of the coronavirus disease 2019 (COVID-19) pandemic. He...
As the COVID-19 pandemic continues, many changes have occurred on Federal, State, and Local levels. FBA is dedicated to keeping our clients informed about these changes. On Friday, March 27th, the Coronavirus Aid, Relief and Economic Security Act was signed into law....