News
March 20, 2020
IRS Relaxes High-Deductible Terms for COVID-19 Testing and Treatment
High-deductible health plans (HDHPs) can cover the costs of testing and treating the spreading coronavirus before patients spend up to their plan's deductible without losing the plan's status as an HDHP, the IRS announced March 11.
IRS Notice 2020-15 clarifies that an HDHP can provide benefits under the plan's deductible for medical care services and supplies to test for and treat COVID-19, the disease caused by the coronavirus. This change means individuals enrolled in an HDHP that covers coronavirus-related costs pre-deductible will remain eligible to contribute to a health savings account (HSA).
IRS Notice 2020-15 clarifies that an HDHP can provide benefits under the plan's deductible for medical care services and supplies to test for and treat COVID-19, the disease caused by the coronavirus. This change means individuals enrolled in an HDHP that covers coronavirus-related costs pre-deductible will remain eligible to contribute to a health savings account (HSA).
Back to previous page