Covid-19 | Member Resource

HSA Update

The deadline for 2019 federal income tax return filings and income tax payments has been extended to July 15, 2020. This extension also includes the ability for 2019 contributions to be made to HSAs and Archer medical savings accounts (MSAs) until July 15.

Telehealth

Receive long-distance patient/clinician care, advice and education from the comfort of your own home without impacting your HSA eligibility.

WHAT DOES THIS MEAN FOR YOU?

The CARES Act provides reimbursement for services for “telehealth and other remote care services” below the deductible and will be permitted in an HSA-compatible high deductible plan. even if you have not yet met your deductible on an HSA-qualified health plan, you can now use telehealth services and still use your HSA.

* Telemedicine provision is temporary and effective for plan years beginning on or before 12/31/2021 as well as some plans through late 2022.

Starting March 27, 2020

Check with your health plan to see if you qualify.

  • Pay for telehealth expenses before meeting deductible and maintain HSA eligibility
  • Access to physicians no matter your location.
  • See a doctor without leaving their homes or having to go into the doctor’s office
Over-the-counter drugs, medicines and menstrual care products

The CARES Act includes a provision that allows members to use health account funds to pay for over-the-counter (OTC) medications without needing a prescription.

WHAT DOES THIS MEAN FOR YOU?

Effective immediately, HSA-qualified health plans can (but are not required to) cover telemedicine and remote care services before an HSA participant meets their deductible— or at reduced or no cost-sharing. This means HSA-qualified health plans can cover telemedicine services in the same way they cover preventative care services without interrupting a member’s HSA eligibility

* FSA and HRA plans vary by employer, and these changes do not necessarily change the benefits under your employer’s plan.

Starting January 1, 2020

  • Use your regular income to pay for other necessities.
  • Submit claims for OTC drugs without a doctor’s prescription.
Menstrual care

The CARES Act extended the list of HSA-, HRA- and FSA-qualified expenses to include menstrual care products. We’re making updates to extend these provisions to you.

WHAT DOES THIS MEAN FOR YOU?

Because women can now purchase menstrual care products directly with health account funds, they can save money on taxes and use their regular income on other necessities.

Starting January 1, 2020

  • Submit claims for menstrual care products.
  • Save money on taxes and use your regular income on other necessities.
  • Purchase tampons, pads, liners, cups, sponges or similar products used in respect to menstruation.
FAQ's

There have been a lot of changes during this past month as the nation deals with COVID-19. This list will hopefully help you find the answers you need regarding your health accounts and the recent changes.

Have more questions? Contact us.

Telehealth
  • What is Telehealth?

    Telehealth is the distribution of health-related services and information via electronic information and telecommunication technologies. It allows long-distance patient and clinician contact, care, advice, reminders, education, intervention, monitoring, and remote admissions.

  • How does the CARES Act impact telehealth

    The CARES Act provides for reimbursement for services for "telehealth and other remote care services" below the deductible and will be permitted in an HSA-compatible high deductible plan. This means that even if you have not yet met your deductible on an HSA-qualified health plan, you can now use telehealth services and still use your HSA.

  • When do the new provisions start and how long will they last?

    The telemedicine provision is temporary and effective for plan years beginning on or before 12/31/2021. So, these new telemedicine rules will apply to some plans through late 2022.


Over-the-counter drugs/medicines
  • What are over-the-counter medications?

    Over-the-counter (OTC) drugs are medicines that can be purchased without a doctor's or other healthcare professional's prescription.

  • How does the CARES Act impact over-the-counter medication?

    Previously, a member could not use health account funds to pay for over-the-counter medication unless they first received a prescription from a healthcare professional. The CARES Act now allows members to use health account funds to pay for over-the-counter medication without needing a prescription.

  • When do the new over-the-counter medication provisions start and how long will they last?

    The changes are retroactive to January 1, 2020. There is no listed expiration date on the provision, meaning the change is likely permanent.

  • Which health accounts are impacted by this new change?

    The new rules apply to health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs).*

  • Can I submit claims now for OTC medication?

    Yes. Our claims team can accept manual OTC claims incurred on or after January 1, 2020 without a prescription (in the case of an HSA, they apply to amounts paid on or after January 1, 2020). Receipts are required.

  • Will prior denied claims that are now eligible be reprocessed automatically?

    Prior denied claims will not be re-processed automatically, but you can resubmit a claim for a newly eligible product that was previously denied, as long as the expense was incurred on or after January 1 and not reimbursed under another plan or program.

  • Can members use their health debit cards now to purchase OTC medication?

    The industry is working as quickly as possible to ensure you’re able to do so. The organization that manages the nationwide Eligible Products list used by stores and websites has updated its list to include OTC drugs and medicines and menstrual care products.

    Merchants like HSA Store and FSA Store have loaded the list and have a number of eligible products available for sale on their website. Once other merchants upload the list, cards and other applicable payment methods will allow for auto-substantiation at the point of sale in most cases. You can also pay out-of-pocket and submit receipts for reimbursement.


Menstrual care
  • What products are included in the new rule about menstrual products?

    The IRS lists tampons, pads, liners, cups, sponges or similar products used by individuals with respect to menstruation. Note: Feminine hygiene products are not covered under the CARES Act (e.g., feminine moisturizers, feminine powders/deodorants).

  • How does the CARES Act impact menstrual care products?

    Previously, menstrual care products were considered personal hygiene products and not qualified medical expenses. The CARES Act now allows members to use health account funds to pay for menstrual care products directly.

  • When do the new provisions start and how long will they last?

    The changes are retroactive to January 1, 2020. There is no listed expiration date on the provision, meaning the change is likely permanent.

  • Which health accounts are impacted by this new change?

    The new rules apply to health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs).

  • Can I submit claims now for menstrual products?

    Yes. Our claims team can accept manual claims for menstrual care products incurred on or after January 1, 2020. (in the case of an HSA, they apply to amounts paid on or after January 1, 2020). Receipts are required.

  • Will prior denied claims that are now eligible be reprocessed automatically?

    Prior denied claims will not be re-processed automatically, but you can resubmit a claim for a newly eligible product that was previously denied, as long as the expense was incurred on or after January 1, 2020 and not reimbursed under another plan or program.

  • Can members use their health debit cards now to purchase menstrual care products?

    The industry is working as quickly as possible to ensure you’re able to do so. The organization that manages the nationwide Eligible Products list used by stores and websites has updated its list to include OTC drugs and medicines and menstrual care products.

    Merchants like HSA Store and FSA Store have loaded the list and have a number of eligible products available for sale on their website. Once other merchants upload the list, cards and other applicable payment methods will allow for auto-substantiation at the point of sale in most cases. You can also pay out-of-pocket and submit receipts for reimbursement.