On August 16, 2022, President Joe Biden signed into law the Inflation Reduction Act of 2022 (IRA), which contains several provisions that may impact employer-sponsored health plans.

HDHP Insulin Safe Harbor

• The IRA includes a safe harbor for HDHPs to provide first-dollar coverage of certain insulin products. Per previous IRS guidance, preventive care for chronic health conditions – including insulin for individuals with diabetes – may be covered prior to the satisfaction of the HDHP deductible without jeopardizing plan participants’ HSA eligibility.