How are COVID-19 tests covered on our plan?
According to the Families First Coronavirus Response Act (FFCRA), all forms of public and private insurance must cover FDA-approved COVID-19 tests if a healthcare provider deems it medically necessary. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) reinforces this mandate by requiring even out-of-network tests to be fully covered
Can I keep my employees on our plan if they are working reduced hours?
Typically, if hours are reduced to under 30 per week, employers are not required to continue offering medical benefits (at which point COBRA would kick in); however, the requirement stands if an employee’s hours remain above 30 per week.
Employers may choose to continue to offer medical benefits to employees that have had their hours reduced below 30 hours per week but there is no regulatory requirement.
Should we expect COVID-19 to affect rate changes?
Employers may see short-term gains from their health plans, as many employees decided to delay treatment or elective surgeries during the pandemic.
However, many companies are considering expanding telehealth services, enhancing mental health support, increasing cost-sharing for plan expenses, and adding or expanding voluntary benefits.
Can our company enroll online?
Absolutely, Cypress Benefit Solutions has the technology and experience to conduct Open Enrollment 100% virtually for all employers.