September 28, 2021

Volume XI, Number 271

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September 27, 2021

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High Deductible Health Plans and Expenses Related to COVID-19

The IRS has released Notice 2020-15 stating that if a high deductible health plan covers COVID-19 testing and treatment even though the deductible has not been met, the coverage for testing and treatment will not disqualify the insured’s tax deductible contributions to a Health Saving Account (HSA).

In order to be eligible to make tax-deductible contributions to an HSA, the individual can only be covered by a high deductible health plan. IRS Notice 2020-15 provides that the high deductible health plan’s status would not be jeopardized if it covers COVID-19 testing and treatment, and therefore, the tax-deductible status of contributions to an HSA would not be threatened as a result of such benefit coverage.

©2021 Greenberg Traurig, LLP. All rights reserved. National Law Review, Volume X, Number 73
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About this Author

Marvin Kirsner, Greenberg Traurig Law Firm, Boca Raton, Tax Law Attorney
Shareholder

Marvin A. Kirsner is an attorney at the Boca Raton office where his primary areas of practice deal with corporate, transactional and industry specific tax issues. He serves as the co-chair of the State and Local Tax (SALT) Practice.

Concentrations

  • Internet tax and electronic commerce tax issues

  • Multistate tax issues

  • Federal, state and local tax controversies

  • Federal and state tax planning for business...

561-955-7630
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