High Deductible Health Plan (“HDHP”) coverage typically kicks in once the deductible is met with the exception for preventive care benefits. Recently, the Internal Revenue Service (“IRS”) issued Notice 2019-45 further expanding the list of preventive care expenses that can be covered prior to satisfying a plan’s deductible. The IRS will now allow the treatment of certain chronic illnesses to be covered for HDHPs that have a Health Savings Account (“HSA”) component. The complete list of preventative treatments and associated conditions can be found here.
Please note that the IRS has specifically mentioned that only the items listed in the appendix are to be considered appropriate for coverage and must be prescribed for the purpose of preventing the development of a chronic condition.
If you have any questions regarding the expanded coverage, please contact your Nyhart consultant.