CARES ACT – $2 Trillion in Coronavirus Relief Including Expanded Unemployment Insurance
The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was signed into law on Friday, March 27, 2020. The massive bill provides economic relief for both workers who are laid off and businesses which have shut down or curtailed business operations as a result of the COVID-19 pandemic. The scope of the CARES Act, also known as the stimulus bill, goes far beyond worker benefits and also provides loans for small and large companies as well as multi-faceted support for America’s health care system. This client alert summarizes the expanded unemployment insurance provisions of the CARES Act which provide financial assistance to workers unable to work due to COVID-19.
Nan ONeill and Peter McNulty, attorneys with Murphy, Hesse, Toomey & Lehane, LLP recently presented a webcast for the International Foundation of Employee Benefit Plans (IFEBP). The topic being discussed was CARES Act: Impact on Small- to Mid-Sized Employers and Their Workforces.
The coronavirus and its effects are likely to have an impact on workers’ compensation claims. Two of the most common questions that have been raised regarding COVID-19 and workers’ compensation are addressed below, including compensation for employees who contract COVID-19 at work and employees who are injured while working from home.