Small Group On-SHOP Benefit Summaries - Maryland
Benefit summaries are now available for the plan years listed below. Please check the site frequently for summary updates.
Male sterilization tax warning – Under IRS rules for high deductible health plans (HDHP), only preventative care benefits can be provided without a deductible. Maryland law requires all plans to cover male sterilization as one of the preventive care benefits for HDHPs. The Maryland Insurance Administration is aware of this issue and has asked the IRS for clarification as to whether or not they consider male sterilization to be a preventative benefit for the purposes of IRS regulatory guidance. If you actively fund a Health Savings Account (HSA) in Maryland, you may be subject to tax penalties if the IRS does not recognize male sterilization as a preventive benefit. Please contact your tax professional if you have further questions.