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 […]
Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington Biden Lays Out Multi-Pronged Plan to Deal with Evolving PandemicPresident Biden laid out a multi-pronged plan to confront variants of the coronavirus that includes an expansion of at-home diagnostic tests. Part of Biden’s plan will allow Americans with private health insurance […]
The quick answer is “no.” If you do, you may miss out an opportunity to pay future expenses tax-free. I frequently get questions from Health Savings Account owners about closing their account because they’ve drawn down the balance to zero or something close to it. Sometimes they are being nudged by their HSA provider to […]
Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington Key Senators to Watch on Democrats’ Social Spending Bill All eyes will be on the Senate following the Thanksgiving break, as Democrats in the chamber seek to pass a massive social spending and climate package that is a key component […]
Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington Biden Signs $1 Trillion Infrastructure Bill into Law President Biden signed a $1.2 trillion bipartisan infrastructure bill into law on November 15 at a boisterous ceremony at the White House, sealing a major accomplishment of his first term after weeks […]