Excessive-deductible medical insurance plans could cowl the price of coronavirus testing and remedy with out people having to fulfill their deductibles, the IRS stated on Wednesday.

Folks with high-deductible insurance coverage protection should spend a specified amount of cash annually earlier than their insurance coverage plan begins to pay for bills.

Tax-advantaged well being financial savings accounts work alongside these plans to assist individuals meet the deductible.

In 2020, annual deductibles in high-deductible plans should be no less than $1,400 for self-only protection or $2,800 for household protection, an expense that would dissuade individuals from looking for medical consideration in the event that they want it.

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