It’s been reported that there was an 891% spike in calls to the Disaster Distress Helpline, which is being attributed to COVID-19. Individuals who have flexible spending accounts (FSAs) or health savings accounts (HSAs) can reach out to mental health are professionals at this time if they’re experiencing stress, anxiety, depression, or other issues and the costs can be reimbursed by these plans. The CARES Act makes the cost of telemedicine a qualified expense.
Alert: Follow coronavirus-related federal tax changes for your business through the IRS.
