IR-2020-54: IRS: High-deductible health plans can cover Coronavirus costs

Internal Revenue Service (IRS) sent this bulletin at 03/11/2020 11:03 AM EDT

IRS Newswire

March 11, 2020

Issue Number: IR-2020-54

Inside This Issue

IRS: High-deductible health plans can cover Coronavirus costs

WASHINGTON — The Internal Revenue Service today advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status. This also means that an individual with an HDHP that covers these costs may continue to contribute to a health savings account (HSA).

In Notice 2020-15, posted today on IRS.gov, the IRS said that 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. The IRS also noted that, as in the past, any vaccination costs continue to count as preventive care and can be paid for by an HDHP.

Today’s notice applies only to HSA-eligible HDHPs. Employees and other taxpayers in any other type of health plan with specific questions about their own plan and what it covers should contact their plan.

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IR-2020-54: IRS: High-deductible health plans can cover Coronavirus costs

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Issue Number: IR-2020-54

Inside This Issue