Congress has passed some significant legislation in response to the COVID-19 emergency. The Families First Coronavirus Response Act (FFCRA) was enacted on March 18, 2020, and today, the President signed the enactment of the Coronavirus Aid, Relief and Economic Security (CARES) Act. While most of the CARES Act is concerned with funding programs and getting money out to people to spend, employers should take note of the following provisions that affect health and welfare benefit plans:
Warner is here to help! If you need assistance with implementing CARES Act provisions, please contact a member of Warner’s Employee Benefits and Executive Compensation Practice Group.