Helping your employees save doesn’t just benefit them – it helps employers like you, too. Providing employee benefits that are easy to both understand and use will encourage them to participate. Advantage Administrators recommends accomplishing this by providing employees with a benefits debit card. Automated Spending Using a...
PPE is now an Eligible Expense
The IRS has announced that amounts paid for personal protective equipment (PPE) for the primary purpose of preventing the spread of COVID-19 – such as masks, hand sanitizers, sanitizing wipes – are treated as amounts paid for medical care.
Thus, COVID-19 PPE expenses are eligible for reimbursement through your Health FSAs, Health Savings Accounts and Qualified Health Reimbursement Accounts.
This is effective immediately and includes purchases made on or after January 1, 2020.