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HDHP deductibles waived for COVID-19 expenses

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Tax Hot Topics newsletterThe IRS issued Notice 2020-15 providing that high-deductible health plans (HDHPs) may provide medical care services and items purchased for testing and treatment of COVID-19 without having to satisfy the minimum deductible for HDHPs. In general, the minimum deductible must be satisfied before an HDHP can provide benefits. Furthermore, individuals with health savings accounts (HSAs) are required to have HDHP coverage that meets these minimum deductible requirements in order to be eligible for an HSA. Based on the foregoing, Notice 2020-15 provides that COVID-19-related medical expenses are exempt from the minimum deductible requirement until further guidance is issued.

Contacts:
Jeff Martin
Partner
Washington National Tax Office
T +1 202 521 1526

Keith Mong
Managing Director
Washington National Tax Office
T +1 202 521 1554

James Sanchez
Senior Associate
Washington National Tax Office
T +1 202 861 4107


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