FacebookLinkedIn

HSA Members Recieve Free COVID-19 Testing & Treatment

on Mar 13, 2020 in Announcements: Employer Group, Announcements: Family Health, COVID-19, General Parrott Insurance News

 


 

The IRS has issued Notice 2020-15, which allows High Deductible Health Plans (HDHP) to cover COVID-19 testing and treatment pre-deductible. In other words, even if you haven’t met your deductible, your HDHP will pay for COVID-19 testing and treatment at no cost to you.

New legislation has also been proposed. Representatives Diana DeGette (D-CO) and Donna Shalala (D-FL) have introduced H.R. 6173 to Congress. If passed, health insurers would be required to cover the full cost of COVID-19 tests for any American who has health insurance through their employer, or who purchased a health plan through the ACA exchange. It would also add COVID-19 testing to the ACA preventive care mandate list, meaning that HDHPs would have to cover it without cost-sharing.

Ameriflex is following the Coronavirus situation, and provided this latest development for our HSA clients. If you would like to speak with one of their experts, you can visit their website by clicking HERE.

Home Member Login Contact Us

¤