Extended Leave Benefits summary

Apr 28, 2020 | Intercom

Below is a summary of changes to extended leave benefits due to the coronavirus pandemic that are relevant to NMC employees. Please contact Hollie DeWalt at 995-1350 or HDeWalt@nmc.edu with questions.

 

  1. Families First Coronavirus Response Act:
    1. Extended Emergency Paid Leave – care for self and others who have or been exposed to COVID-19
    2. Extended FMLA – care for your child whose school or daycare is closed
    3. Read the FAQ from the Department of Labor
  2. Priority Health Coverage – all issues related to COVID-19:
    1. Zero cost for all testing and treatment related to the coronavirus
    2. Priority is absorbing all NMC liability on these cases as well
  3. Expanded definitions of “qualified medical expenses” from Flexible Spending Accounts and Health Savings Accounts from the IRS:
    1. All over-the-counter drugs are covered without a prescription
    2. All menstrual care products are covered
    3. Read the FAQ from Meritain Health
  4. Expanded access to hardship withdrawals from Retirement Accounts – CARES Act:
    1. Employees can request hardship withdrawals from their defined contribution plans by contacting their providers (TIAA, Voya, 403b plans).
    2. Those required to take minimum distributions from their plans due to age  can suspend distribution for 2020 to allow the market to rebound.
    3. Learn more at the TIAA resources website.
  5. LegalShield offers additional resources to its members:
    1. Here is the link to their website.