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IRS Loosens Preventive Care Coverage Rules

InterWest Insurance Services

New guidance issued by the IRS expands the types of preventive care benefits that high-deductible health plans are required to cover with no out-of-pocket costs on the part of plan enrollees. The changes are aimed at reducing out-of-pocket costs for diabetes-related expenses, certain cancer screenings and contraceptives.

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What is a High-Deductible Health Plan (HDHP)?

Higginbotham

Employees must pay the deductible out of pocket before the plan contributes to covered care costs. However, depending on the specific plan, preventive care may be covered before the deductible is met with no out-of-pocket costs. Employers, employees or both can contribute funds to an HSA in the same year.

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Election year impact: What’s next for employee benefits?

WEX Inc.

As we approach the 2024 United States presidential election, Chris Byrd, senior vice president, health executive and, more broadly, head of Government Affairs at WEX, joined our Benefits Buzz podcast for an insightful conversation on how election years can influence employee benefits.