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CARES Act Impact to Employees with Student Loans

Our membership in BAN (Benefit Advisors Network) provides an opportunity to network with great companies across the country. Another BAN member, Tuition.io prepared a summary explanation of two under-reported benefits included in the CARES Act.

They are:

  • Section 2206, which allows employers to make a non-taxable contribution of up to $5,250, and
  • Section 3515, which defers student loan payments, principal and interest through September 30, 2020

Click here to download more information regarding these benefits.

About the Author

Sue Thomas

Posted in: Employee Benefits, COVID-19

Posted by Sue Thomas

Director, Contracts & Compliance. Sue has more than 30 years of intensive, hands-on experience working with a wide variety of employee benefit plans. As the Director of Contracts and Compliance, Sue is responsible for the management of all BSG® client contracts, including insured contracts, service contracts, and self-insured contracts as well as ensuring that these materials comply with all applicable state and federal benefit regulations. A graduate of the University of Wisconsin-Milwaukee, Sue has completed the RHU program, six CEBS courses and holds a Life and Health agent license.

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