HSA

The House Ways and Means Committee held a markup of two bills intending to expand access to Health Savings Accounts (HSAs).

Representatives Greg Steube (R-FL) and co-sponsor Kat Cammack (R-FL) have introduced H.R. 5608, the Affordable Care and Comprehensive Economic Support through Savings (ACCESS) Act.

The House Committee on Ways and Means advanced several bills to expand health options and increase flexibility for workers

The IRS has issued Revenue Procedure 2023-23, providing inflation-adjusted amounts for health savings accounts (HSAs) for calendar year 2024.

Senator Marco Rubio (R-FL), along with several cosponsors have reintroduced the Health Savings Act.

The IRS has posted a draft 2023 tax year Form 8889, Health Savings Accounts (HSAs).

The DOL, IRS and HHS (“the Departments”) have released a set of FAQs that explain their position on coverage of preventive services and vaccines in light of a recent court decision.

During the COVID-19 Public Health Emergency (PHE) and National Emergency, numerous requirements were introduced for group health plans, which were generally aimed at ensuring individuals did not forgo testing or treatment for COVID-19 because they could not afford to pay for such services.

The IRS has posted a series of frequently asked questions addressing whether certain costs related to nutrition, wellness, and general health are medical expenses under Internal Revenue Code Section 213 that may be paid or reimbursed under a health savings account, health flexible spending arrangement, Archer medical savings account, or health reimbursement arrangement.

Representative Angie Craig (D-MN) has reintroduced the Affordable Insulin Now Act in the House.