BusinessPostCorner.com
No Result
View All Result
Thursday, June 5, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

IRS rescinds COVID relief for HDHP plans

June 23, 2023
in Accounting
Reading Time: 2 mins read
A A
0
IRS rescinds COVID relief for HDHP plans
ShareShareShareShareShare

The Treasury and the Internal Revenue Service have rescinded pandemic-era guidance that allowed high-deductible health plans to cover COVID costs. 

The IRS said, in Notice 2023-37, that for plan years starting in 2025 an HDHP will not be permitted to provide health benefits associated with testing for and treatment of COVID-19 without a deductible, or with a deductible below the minimum deductible (for self-only or family coverage) for an HDHP.

This rescinds guidance from three years ago that said HDHPs could pay for coronavirus-related testing and treatment without jeopardizing status because they covered Covid testing or treatment before plan deductibles were met. That guidance now applies only to plan years ending on or before Dec. 31, 2024.

The preventive care safe harbor also does not include screening (i.e., testing) for COVID-19 effective as of the date of publication of the notice, which will appear in the Internal Revenue Bulletin of July 24.

A medical worker administers a COVID-19 test at a testing site in Berkeley, California.

David Paul Morris/Bloomberg

Credit: Source link

ShareTweetSendPinShare
Previous Post

House Republicans release IRS whistleblower testimony on Hunter Biden’s taxes

Next Post

The Succession Advisor: Don’t use a multiplier to value a business

Next Post
The Succession Advisor: Don’t use a multiplier to value a business

The Succession Advisor: Don't use a multiplier to value a business

Bitcoin Price Prediction: 4K – BTC Price Correction or Breakout Reloading?

Bitcoin Price Prediction: $104K – BTC Price Correction or Breakout Reloading?

June 1, 2025
What will it look like for orgs?

What will it look like for orgs?

May 30, 2025
Dollar slides towards 3-year low as weak US data stokes economic fears

Dollar slides towards 3-year low as weak US data stokes economic fears

June 2, 2025
AI’s reckoning: confronting job loss in the Age of Intelligence

AI’s reckoning: confronting job loss in the Age of Intelligence

May 30, 2025
3 benefits of antioxidant-packed tart cherry juice, according to science

3 benefits of antioxidant-packed tart cherry juice, according to science

May 29, 2025
Trump tariffs can stay in place for now, appeals court rules

Trump tariffs can stay in place for now, appeals court rules

May 30, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

Ethereum Foundation Reworks Treasury Strategy — What Changes to Expect

June 5, 2025
Inside the collapse of Microsoft-backed tech unicorn Builder.ai

Inside the collapse of Microsoft-backed tech unicorn Builder.ai

June 5, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!