Tax Law Insights

On July 17, 2019, the Internal Revenue Service (the “IRS”) released Notice 2019-45 which expands the list of permissible preventive care benefits for high deductible health plan (“HDHP”) purposes.  Among other requirements, an individual must be covered by a HDHP in order to establish a Health Savings Account (“HSA”).

A HDHP is a health plan with certain minimum deductible and maximum out-of-pocket expense requirements.  Under a HDHP, the plan typically does not provide any benefits until the minimum deductible for the year is satisfied.  However, certain preventive ...