| News from Washington |
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| Bill Would Expand Treatment Options Under HSA-Qualified High Deductible Health Plans House lawmakers have introduced a bill to expand chronic disease treatment options covered by high deductible health plans, such as for individuals with high blood pressure or asthma. The bill would allow employers who offer HSA-qualified coverage the option of including pre-deductible coverage for certain healthcare services that treat common chronic illnesses. Read More |
| New House Bill Would Expand HSAs to Help Workers Pay for Direct Primary Care Rep. Lloyd Smucker (R-PA) has brought back a frequently introduced bill that could help workers use their health savings accounts to pay for direct primary care — and this time it might have a decent chance to become law. Like earlier versions, this version has a bipartisan list of cosponsors, with two Republicans and three Democrats in support. Read More |
| Compliance Corner |
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| The HSA Contribution Rules: Part I There are different HSA contribution limits based on employee-only vs. family coverage, whether the employee is age 55+, and the number of months in the year for which the individual is HSA-eligible. There is also a special rule referred to as the “last-month rule” that provides additional options for those gaining HSA-eligibility mid-year. Read More |
| HSA Industry News |
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| Empower Extends Health Services for Retirement Plan Clients Empower wants to be nearly a one-stop shop for employee benefits, debuting a “consumer-directed health care” package that will live alongside its retirement plans and extending the company’s business well beyond the HSAs it has provided since 2017.The company’s new focus on benefits comes as retirement plan advisors have increasingly offered health and other benefit services to the employers they work with. Read More |
| HSA Bank Unveils New Brand Identity HSA Bank announced the launch of its new visual brand identity and logo, which represents HSA Bank’s commitment to drive value and tangible outcomes for its members — making complex information easy to understand and delivering personalized, meaningful customer experiences. Read More |
| Market Trends |
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| What Would Make Workers Comfortable with Cash-for-Coverage Plans? Some people like the idea of using an employer’s cash to buy their own health coverage, many want the employer to buy the coverage, and it’s possible that 2% of U.S. adults are already using employer-sponsored cash-for-coverage health plans, according to a new report. Read More |
| Maximizing Your HSA |
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| The 5-Step HSA Strategy That Can Save You Thousands Many people don’t take full advantage of their HSAs, missing out on thousands of dollars in potential savings. But with the right approach, you can turn this account into a long-term financial safety net. Here’s a five-step strategy to help you get the most out of your HSA and keep more money in your pocket. Read More |
| How a Data Engineer Returned 483% Trading on Bitcoin’s Value Inside a Triple Tax Benefit Account Brandon Frenchak leveraged Health Savings Accounts for tax-free bitcoin trading gains. He uses bitcoin’s four-year cycle to time trades, focusing on undervalued bitcoin trusts. Frenchak achieved a 482.6% gain in 2024 by trading bitcoin trusts and leveraged ETFs. Read More |
| Consumer-Driven Health Care |
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| How to Deal With Fresh Health Insurance Deductibles in the New Year Many Americans with high-deductible health insurance plans face a cold reality at the start of every year. Those deductibles will have to be paid before most coverage starts. That can mean thousands of dollars in fresh health care bills. However, patient advocates say there are ways to manage the challenge. Patients who use tax-exempt accounts to set aside money can soften the crunch. Read More |
| Save Thousands in Healthcare Costs: 7 Secrets From Financial Pros Healthcare costs keep climbing faster than inflation, with a projected 5.4% annual increase. For many Americans approaching retirement, these rising costs are their most significant financial worry. Here are seven expert strategies your finance pros share with clients to help cut healthcare costs and protect retirement savings. Read More |