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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.

January 31 2024

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.

January 24 2024

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. 

January 09 2024

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”.

November 16 2023

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”.

November 15 2023

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.

November 08 2023

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).

September 29 2023

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.

September 26 2023

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

June 09 2023

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.

May 17 2023
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