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ABA: The American Bankers Association
Statement

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 $21.1 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $17 trillion in deposits and extend nearly $11 trillion in loans.

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Blair Bernstein

(202) 663-5468

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