At-home COVID-19 tests have been flying off the shelves over the past month, especially as families gathered together for the holidays.
Stan asked the CBS13 I-Team:
“I thought I was understanding on various news programs that COVID home tests are reimbursable through private insurance. I called my insurance company, Martin's Point, and was told they are not. Can you clarify this information? Are home tests reimbursable?”
At this moment, insurers are not required to cover the cost of an at-home COVID-19 test unless it’s ordered by a healthcare provider.
So, if you want to take a test ahead of travel or just for peace of mind, you’re most likely on the hook.
However, that’s about to change.
Last month, President Joe Biden announced that starting in January, private insurers must reimburse consumers for at-home tests, which is about 150 million Americans.
Officials say the Department of Health and Human Services is working to implement the new policy, with final rules expected by January 15. That should clarify details like whether insurers can place limits on the number or frequency of tests.
According to the New York Times, reimbursements will not be retroactive, meaning you won’t be able to submit receipts for tests that you’ve already purchased.
The IRS is also reminding consumers that at-home COVID-19 tests are an eligible medical expense for tax purposes so they can be paid for or reimbursed through various flexible and health savings accounts.
If you have something you want to ask the CBS13 I-Team, send it to tips@wgme.com.