HSA Compliance Corner Is Telehealth Now Disqualifying for HSA Contributors? Not Necessarily! Your insurer should have adjusted its schedule of benefits and its claims system to charge a price for virtual care and apply that price to the deductible on all plans that renew January 1, 2022 or later. Be sure to check with your […]
News from Washington Democrats Face Scaled-Back Agenda After Setbacks Democrats are confronting the reality of a scaled-back agenda as they try to move past high-profile setbacks that dominated the tail end of President Biden’s first year in office. After pledging to go “big and bold” when they were swept into power in 2021, Democrats are readjusting […]
News from Washington Biden Seeks to Save What He Can from Build Back Better President Biden this week offered a new path forward for his signature policy proposal based on a harsh truth: Not all of it will survive. The president’s concession that some of the social spending and climate change package will need to […]
News from Washington Biden Officials Require Insurers to Cover Eight At-Home COVID Tests per Month The Biden administration issued rules requiring private health insurers to cover the cost of at-home COVID-19 tests starting January 15 amid pressure to make testing more available. Under the policy, insurers will be required to cover the cost of eight at-home COVID-19 […]
You may already know that I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 16 years. With the January 12 release of the December inflation figures by the Bureau of […]
News from Washington Democrats Hit Pause on Biden’s Climate, Social Spending Package Senate Democrats are putting President Biden’s climate and social spending plan on the back burner as they plan to debate voting rights legislation this month and hold a vote on changing the Senate’s filibuster rule. Democratic aides say the Build Back Better bill […]
Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington IRS Announces Tax Relief for Arkansas Victims of Severe Storms and Tornadoes Following the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS announced that victims of severe storms and tornadoes beginning December 10, 2021 will receive […]
Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington Democrats Face Tough Choices on Biden Plan After Manchin Setback Democratic leaders are facing painful decisions and intra-party tensions as they look for a path forward on President Biden’s sweeping climate and social spending bill. But Democratic leaders and the […]
Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington Biden Signs Debt Ceiling Increase, Averting Default President Biden signed a bill raising the debt ceiling by $2.5 trillion, narrowly averting default on the nation’s debt. The action means that the U.S. will avoid default until at least 2023. The […]
Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington Democrats Face Time Crunch as They Race to Finalize Biden PlanDemocrats are hitting a make-or-break week in their ambitious effort to pass President Biden’s climate and social spending bill by Christmas. Democrats have just 10 days to meet their self-imposed deadline […]