Telehealth has become a popular option for many employees seeking medical care, especially during the ongoing COVID-19 pandemic. It provides a convenient and safe way for individuals to receive medical treatment from the comfort of their own homes.
As an HR professional, it’s important to stay informed on new developments in telehealth and the benefits it offers to employees. One such benefit is the ability to pay for telehealth services using Health Savings Account (HSA) dollars.
The HSA is a tax-advantaged savings account designed to help individuals pay for qualified medical expenses. The IRS has recently expanded the definition of qualified medical expenses to include telehealth services. This means that employees can now use their HSA dollars to pay for telehealth services, such as virtual doctor visits, teletherapy sessions, and telepsychiatry appointments.
The use of HSA dollars for telehealth services offers several benefits to employees:
In conclusion, telehealth services can now be paid for using HSA dollars, making it a cost-effective and convenient option for employees. As an HR professional, it’s important to inform employees of this new development and the benefits it offers. By doing so, you can help improve the overall health and well-being of your workforce.