In Notice 2020-15 (the “Notice”), the IRS has provided relief for certain expenses related to the 2019 Novel Coronavirus (“COVID-19”). Generally, a high deductible health plan (“HDHP”) must satisfy the minimum deductible and maximum out-of-pocket expense requirements under Section 223(c)(2) of the Internal Revenue Code. However, “[t]o facilitate the nation’s response to [COVID-19],” the Notice provides that a health plan that otherwise satisfies the requirements to be a HDHP will not fail to be a HDHP merely because the plan provides health benefits for testing and treatment of COVID-19 before satisfying the applicable minimum deductible requirements.
Notice 2020-15 is available here
Please visit our blog, Practical Benefits Lawyer
, for discussion of issues and developments in the areas of employee benefits and executive compensation.
For more information contact any Lawyer in the Employee Benefits Group