Phoenix Indian Community - PhoenixIndian.com
| | |
 


 

List of Preventive Care Benefits Expanded for HSAs

Money
Contributed by : Mukesh Makker

Share With Your Friends

Add To My Favorite
The list of medical care services for a range of chronic conditions allowed to be provided by a high deductible health plan (HDHP) was expanded effective July 17, 2019. These medical services and items are limited to the specific medical care services or items listed for chronic conditions including hypertension, congestive heart failure, osteoporosis, asthma, depression, liver disease, and diabetes. Any medical care previously recognized as preventive care for these rules is still treated as preventive care.

Individuals covered by an HDHP generally may establish and deduct contributions to a Health Savings Account (HSA) as long as they have no disqualifying health coverage. To qualify as a high deductible health plan, an HDHP generally may not provide benefits for any year until the minimum deductible for that year is satisfied. However, an HDHP is not required to have a deductible for preventive care (as defined for purposes of the HDHP/HSA rules).

The Treasury Department and the IRS, in consultation with the Department of Health and Human Services, have determined that certain medical care services received, and items purchased, including prescription drugs, for certain chronic conditions should be classified as preventive care for someone with that chronic condition.

The expanded list includes (but is not limited to) beta-blockers, blood pressure monitors, inhaled corticosteroids, insulin, glucometers, Low-density Lipoprotein (LDL) testing, Selective Serotonin Reuptake Inhibitors (SSRIs), and Statins.

If you need more information about the expanded list of medical care services that are allowed and their associated chronic conditions, please call.


About Author
Mr. Maker is a certified Public Accountant and serving the South Asian community since 1993.


Website: https://taxmaker.com/newsletter.php#6

 

Disclaimer: Please use this channel at your own discretion. These articles are contributed by our users. We are not responsible or liable for any problems related to the utilization of information of these articles.

 

View All Contributions

My Business:
Accounting and Tax Professionals, Inc
Bellevue

Post an Article
Notify Me of New Articles

Become A Featured Contributor
Add Your Blog | Add Recipe | Add Article

More Article by Mukesh Makker

View All Articles

Featured Contributors


Vivek Wadhwa

Vasudha Sharma

Anu Peshawaria
Anu Peshawaria

Aayushi Manish

Tahmina Watson

Rima Arora
Rima Arora

Christine Dunbar

Darshan Goswami

Shruti Sadolkar
Shruti Sadolkar

Latest Articles

SuperGirl Teaser launched by Choreographer Sandip Soparrkar by Staff
"Shirdi Saibaba" fame actor Aushim Khetrapal returns to acting after 18 years in "Chal Jeet Le Jahan" by Staff
War team recreates Indian Airforce Plane Gajraj by Staff
First Look Poster out "SuperGirl" Monika Chaudhary and Shaila Tike by Staff
Premier of I Killed Her Short film based on Domestic Violence by Staff
View All Articles