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”.
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.
Industry & Regulatory News
Health Savings Act Reintroduced
Senator Marco Rubio (R-FL), along with several cosponsors have reintroduced the Health Savings Act.
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).
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.