HDHPs and COVID-19 – Did You Know?

The IRS has advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment without jeopardizing their status.

If you have a HDHP that covers these costs, you may continue to contribute to a health savings account (HSA). Health plans that otherwise qualify as HDHPs will not lose that status merely because they cover the cost of testing for, or treatment of COVID-19 before plan deductibles have been met. Any vaccination costs continue to count as preventative care and may be paid for by an HDHP.

This only applies to HSA-eligible HDHPs, please contact your plan administrator if you have any other type of health plan or specific questions about your plan.