How are prescription drug benefits handled under an HSA plan?
A. Prescription drugs are subject to the medical plan’s deductible and coinsurance. Under the HSA legislation, individuals with an HDHP are not allowed to have prescription drug coverage that has no deductible or has a deductible that is lower than the minimum deductible required for an HDHP. However, until January 1, 2006, those individuals currently participating in an HSA may keep prescription drug coverage under a separate insurance plan or rider that does not meet the HDHP requirements. Assurant Health does not offer separate prescription drug coverage with an HSA type plan.
