Two-Year Extension of Relief for HDHPs and Telemedicine to Become Law
Earlier today, on December 23, 2022, President Biden signed into law a two-year extension (generally, until December 31, 2024) of the relief for high deductible health plans (“HDHPs”) and telemedicine. The two-year extension was included as part of the $1.7 trillion government spending package, which is titled the Consolidated Appropriations Act, 2023 (the “CAA 2023”). As many plan sponsors of HDHPs are aware, offering a telemedicine medicine benefit in conjunction with an HDHP can potentially jeopardize the health savings account (“HSA”) eligibility of participants in the HDHP.