On March 27, Congress passed and the President signed into law the third COVID-19 package, the Coronavirus Aid, Relief, and Economic Security Act or the “CARES Act.” The bill also includes provisions that SHRM has championed, including modernizing HSA rules to include telehealth, among other benefits. Read more about the changes to workplace health care in SHRM’s analysis of the CARES Act.
The CARES Act includes many important provisions that impact workplaces including:
- Employer-Sponsored Health Insurance
- Retirement Savings
- Unemployment Insurance
- Efforts to Boost the Economy
- Clarifications on Paid Leave Provisions in the Families First Coronavirus Response Act
The bill also includes two important provisions that SHRM has championed, including modernizing HSA rules to include telehealth, among other benefits, and expanding employer-provided education assistance to include student loan repayment as a benefit.