HIGH DEDUCTIBLE FIRST DOLLAR INSULIN COVERAGE ALLOWED BEGINNING AFTER DECEMBER 31, 2022

High Deductible First Dollar Insulin Coverage Allowed Beginning After December 31, 2022

On August 16, 2022 the Inflation Reduction Act amended federal law to allow first dollar coverage of Selected Insulin Products for plan years beginning after December 31, 2022, without jeopardizing the status of the health savings account, i.e. members do not have to meet the deductible prior to obtaining Selected Insulin Products.

Selected Insulin Products means: Any dosage form (such as a vial, pump, or inhaler) of any different type of insulin (such as rapid-acting, short-acting, intermediate-acting, long-acting, ultra long-acting, and premixed).