Easier access to mental health care with health savings accounts.
New rules will make it easier to use Health Savings Accounts (HSAs) for mental health services. Starting in 2024, high-deductible health plans can cover up to $500 of mental health costs without requiring the deductible to be met first. This means citizens will have quicker access to psychological and psychiatric support without initial out-of-pocket expenses.
Key points
Up to $500 of mental health costs can be covered by HSA without meeting the deductible.
Facilitates access to psychiatric and psychological services for individuals with high-deductible health plans.
Changes take effect from January 1, 2024.
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