HDHPs Can Cover COVID-19 Expenses

Having coverage through high deductible health plan (HDHP) is a prerequisite for contributing to a health savings account (HSA). Typically, HDHPs require you to exhaust the policy’s deductible before insurance coverage kicks in. However, as part of the nation’s response to the  Novel Coronavirus (COVID-19), the IRS has ruled that HDHPs can cover testing for and treatment of the virus without causing the coverage to be disqualified (Notice 2020-15). This means that HDHPs can offer testing for and treatment of COVID-19 without the application of a deductible or cost sharing.