Tax Facts

Biden Administration Announces Free Over-the-Counter COVID-19 Tests for Medicare Beneficiaries (Feb. 10, 2022)

The Biden administration announced that Medicare beneficiaries will soon become eligible to receive up to eight free monthly over-the-counter COVID-19 tests beginning in early spring. According to a CMS release, Medicarewill directly reimburse pharmacies and other participating entities for the costs of these tests. Medicare beneficiaries will be able to pick up the tests at participating locations for free. Until the program is launched, Medicare beneficiaries can request up to four at-home COVID tests from thecovidtests.gov website and can continue to access free tests at community testing sites nationwide. The new rule would allow Medicare beneficiaries access to the same number of free tests that must be made available under private health insurance plans under current rules. Medicare Advantage plans may also provide additional benefits, so participants should check their plan's rules.


Tax Facts Premium Tools
Calculators
100+ calculators specifically designed to help you easily assist clients with specific planning situations and calculations.
Practice Guidance
Designed to help you discover new ways for which to build and maintain client relationships.
Concepts Illustrated
Specifically designed to help you easily assist clients with specific planning situations and calculations.
Tax Facts Archives
Access to the entire library of Tax Facts dating back to 2012 allowing you to look up the exact tax figures from prior years.