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March 30, 2022 3:38 am
Telehealth Services Allowed for HDHPs
High deductible health plans (HDHPs) require minimum insurance deductibles to be met before insurance coverage begins. HDHPs are a prerequisite for contributing to a health savings account (HSA). The CARES Act had allowed telehealth and other remote services to be covered by an HDHP without a deductible through December 31, 2021. The Consolidated Appropriations Act, 2022 (P.L. 117-103) extends this rule, but only for the period from April 1, 2022, though December 31, 2022. Such services are not permissible without a deductible for the first quarter of 2022 and plans may bill those covered by an HDHP if they received such services in the first quarter of 2022 in order to maintain HDHP status.
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Tax Glossary
Withholding
An amount taken from income as a prepayment of an individual’s tax liability for the year. In the case of wages, the employer withholds part of every wage payment. Backup withholding from dividend or interest income is required if you do not provide the payer with a correct taxpayer identification number. Withholding on pensions and IRAs is automatic unless you elect to waive withholding.
