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The government won't subsidize COVID forever: Be aware of this one new rule



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Hi Sarah, wouldn't this change apply to plans ending after December 31, 2024?


From IRS Announces End of COVID-19 Expansion of Definition of Preventive Care for HDHPs — Current Federal Tax Developments:

The Notice stipulates that, for plan years ending after December 31, 2024, high deductible health plans (HDHPs) will no longer be permitted to offer certain benefits to insured beneficiaries at no cost before the beneficiaries meet the yearly deductible:

The Treasury Department and the IRS have determined that, with the end of the COVID-19 National Emergency and the PHE, the relief described in Notice 2020-15 is no longer needed. Accordingly, this notice modifies Notice 2020-15 to provide that the relief described in Notice 2020-15 applies only with respect…


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