New Treasury Guidance Offers Greater Flexibility for Americans with High-Deductible Plans

Following an executive order by President Trump, the Treasury Department and IRS today issued guidance expanding the preventative care benefits that may be provided by high-deductible health plans linked to Health Savings Accounts for a range of chronic conditions.

“We applaud the administration’s efforts to make life-saving medicines more affordable to chronically ill Americans by allowing Health Savings Account-qualified plans to cover them pre-deductible,” said Kevin McKechnie, executive director of ABA’s HSA Council. “By expanding that coverage option, this guidance will help lower out-of-pocket costs for the millions of Americans managing a chronic illness.”