High Deductible Health Plans Can Cover Medical Costs for Coronavirus

On March 11, 2020, the IRS issued Notice 2020-15 that allows high deductible health plans (HDHPs) to pay for testing and treatment of the coronavirus (COVID-19) without jeopardizing their tax status. Consequently, an individual enrolled in an HDHP that covers these costs continues to be eligible to contribute to a health savings account (HSA).

For more information, read the full article or contact Matt Folz, CPA at mfolz@hsccpa.com.

Originally published by Jill Harris, Senior Director, RSM US on March 12, 2020, and originally appeared in the Coronavirus Resource Center.

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