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HSA

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

Industry & Regulatory News

Health Savings Act Reintroduced

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

May 11 2023

Industry & Regulatory News

IRS Posts 2023 Draft Form 8889 for HSA Reporting

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

April 18 2023

Industry & Regulatory News

DOL, IRS and HHS Release FAQs about ACA and CARES Implementation

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.

April 14 2023
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