The point of having a high-deductible health plan (HDHPs) is that you have to pay for pretty much every expense until you reach your deductible. The original HDHP policy for COVID-19 testing was no different, requiring the insured to pay for the test if the deductible hadn’t been met.
Under new IRS guidance, however, your employer’s HDHP plan has the option of waiving the out-of-pocket costs of COVID-19 testing and treatment if an employee has yet to meet their deductible, without your employer getting in trouble with the HDHP police.
Keep in mind that employers are not required by the IRS to waive the COVID-19 testing costs – rather, they have the option to exempt the costs from an employee’s deductible requirements.
Individuals participating in HDHPs or any other type of health plan should consult their particular health plan regarding the health benefits for testing and treatment of COVID-19 provided by the plan, including the potential application of any deductible or cost sharing.
We will continue to update our clients and readers as more information becomes available about the next coronavirus relief package expected to be passed into law today.