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The highlighted provisions below relate to Reliant's offered insurance and employment benefits. Please seek consultation from a tax adviser if you have specific questions about the impact the CARES Act will have on your tax situation. 


UI Expand
titleCOVID-19 Specific Medical Care

Many of the provisions laid out in the CARES Act were already put into place by our insurance carriers prior to the law. Please see COVID-19 Insurance Coverage Details for full information specific to your insurance coverage. 


UI Expand
titleExpanded Qualified Medical Expense Definitions for HSA Reimbursement
  • Repeals a rule enacted under the Affordable Care Act that prohibited over-the-counter medicines and drugs, other than insulin, from being qualified medical expenses without a prescription. For expenses incurred after December 31, 2019, participants may utilize HSA funds to cover over-the-counter medicines and drugs (e.g., ibuprofen, cold medicines), without a prescription.
  • HSA funds may be used to purchase certain menstrual care products (e.g., pads and tampons) on a tax-favored basis. These products will be treated as qualified medical expenses under the new legislation. This change applies to expenses incurred after December 31, 2019. 


UI Expand
titleCOVID-19 Family Leave Provisions

Reliant has already established a generous leave policy for coronavirus-related missed work. Please see Coronavirus Policies & Updates for full information. 

References:

The CARES Act Becomes Law


Info
For information on how the CARES Act impacts Reliant as an organization, see General CARES Act Information.