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ABA: The American Bankers Association
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ABA HSA Council Statement on New IRS Guidance

“We applaud the administration for its swift action to ensure millions of Americans who finance their healthcare with a Health Savings Account-qualified plan can access free COVID-19 testing. The new IRS guidance confirms that COVID-19 testing falls within the definition of ‘preventive care’ and is therefore able to be covered without cost-sharing pre-deductible. During global health emergencies, it’s critical Americans have access to the services and care they need, and this guidance is an important step in making that a reality.

“ABA’s Health Savings Account Council will continue to work closely with the administration and public health officials to ensure the safety and well-being of the millions of working Americans insured with HSA-qualified plans.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $22.5 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $18 trillion in deposits and extend nearly $11 trillion in loans.

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