HSA plans can cover more preventive services prior to deductible being met after renewal this year.
On July 17, 2019, the IRS released Notice 2019-45 providing guidance relating to health savings accounts (HSAs), specifically expanding the types of treatments and services that constitute preventive care.
As a reminder, to be HSA-eligible, the individual must be covered by a qualifying high deductible health plan (HDHP) and no other coverage. The HDHP must have a minimum statutory deductible, which for 2019 is $1,350 for individual/$2,700 for family (increasing to $1,400 for individual/$2,800 for family in 2020).
Currently, certain preventive care, including the Affordable Care Act’s required preventive services, can be provided at low or no cost without jeopardizing HSA eligibility. The new IRS guidance provides additional treatment and services for chronic conditions, as follows: