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HSA Contribution Extension for 2019

In response to the current conditions surrounding the COVID-19 pandemic, IRS Notice 2020-18 postpones the April 15, 2020 due date for filing federal income tax returns, deferring payments to July 15, 2020. The IRS has added information regarding this notice under “Filing and Payment Deadlines Questions and Answers” which addresses contribution extensions for those in Health Savings Account plans.

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Novel Coronavirus (COVID-19) Update

Novel Coronavirus (COVID-19) Update

Novel Coronavirus (COVID-19) Update

With news media flooding the channels with constant information regarding the novel coronavirus (COVID-19), we are monitoring the situation and will continue to update our site as new developments occur.

California is currently under a “shelter in place” order which directs residents to stay inside their homes and away from others as much as possible until further notice. The reason for this order is to hopefully slow the rapid spread of coronavirus. For more information on COVID-19 in California visit the California state website for up-to-date number and for details on what “shelter-in-place” means. For those in San Mateo County,  you can find local information at the County of San Mateo website.

Information was posted by the White House on March 16, 2020 entitled “15 Days to Slow the Spread“.

For CalCPA Health members: Since COVID‐19 information is very fluid, timely updates are available at CalCPAHealth.com

Protecting yourself and your family

The CDC website provides up-to-date information regarding the Coronavirus, especially with new details for those that may be traveling (information from CDC regarding traveling). It is to your benefit to check the site for the most recent information.

You can help prevent the spread of the virus by following these good health habits: Read more

The CARES Act Provides Help for Those with HSAs and FSAs

The $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law on March 27, 2020 with the purpose of helping employees out with benefit-related items during the COVID-19 crisis. The CARES Act repeals the Affordable Care Act’s exclusion of over-the-counter (OTC) medications from the definition of “qualified medical expenses”.  The bill is over 880 pages long, but to review the new rules regarding OTC provisions, see Sec. 3702 of the CARES Act.

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