HSA
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for West Virginia
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on January 30, 2024, for West Virginia severe storms, flooding, landslides, and mudslides, for the incident period of August 28, 2023 – August 30, 2023.
Industry & Regulatory News
IRS Announces Deadline Relief for Severe Storms in Connecticut
The IRS has announced the postponement of certain tax-related deadlines for victims in parts of Connecticut affected by severe storms, flooding, and a potential dam breach.
Industry & Regulatory News
Legislation Proposed to Simplify and Expand Use of HSAs
Representative Mike Gallagher (R-WI) has introduced HR 6857, the Simplify and Expand Health Savings Accounts Act.
Industry & Regulatory News
Bill Would Expand HSA Usage to Wearable Devices
Representative Michelle Steel (R-CA), along with co-sponsors David Schweikert (R-AZ), and Ami Bera (D-CA), have introduced HR 6279, the “Wearable Equipment Adoption and Reinforcement and Investment in Technology Act”, or the “Wear It Act”.
Industry & Regulatory News
DOL Final Rule on QPAM Exemptions at OMB
The Office of Management and Budget has received a final rule from the Department of Labor (DOL) titled “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager”.
Industry & Regulatory News
Proposal Codifying Preventive Care Guidance Affecting HSAs Introduced
Senator John Thune (R-SD), along with co-sponsor Senator Thomas Carper (D-DE), introduced S. 3224, the Chronic Disease Flexible Coverage Act.
Industry & Regulatory News
Legislation Expanding HSA Access Clears Committee
The House Ways and Means Committee held a markup of two bills intending to expand access to Health Savings Accounts (HSAs).
Industry & Regulatory News
Proposal Expanding HSA Access Introduced in House
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.
Industry & Regulatory News
HSA Proposals Advance out of Committee
The House Committee on Ways and Means advanced several bills to expand health options and increase flexibility for workers
Industry & Regulatory News
2024 HSA Limits Released
The IRS has issued Revenue Procedure 2023-23, providing inflation-adjusted amounts for health savings accounts (HSAs) for calendar year 2024.