Author: Roy Ramthun

Your Weekly HSA News – December 13, 2021

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 Full Article

Your Weekly HSA News – December 6, 2021

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 […]

Read Full Article

Should You Close Your Health Savings Account If You Have Little or No Balance?

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 Full Article

Your Weekly HSA News – November 15, 2021

Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington Biden Spending Bill to Likely Slip in Senate After House Delays The Senate’s debate over President Biden’s social and climate spending bill appears likely to slip after the House failed to send the bill over before the Veterans Day recess. Senate Majority […]

Read Full Article

How Health Savings Accounts Work for Same-Sex Couples and Domestic Partners

Many employers and insurance carriers permit individuals to cover a same-sex spouse or domestic partner on their insurance coverage.  This includes high deductible health plans that make people eligible for health savings accounts (aka “HSA-qualified” plans).  Under an HSA-qualified plan, individuals either have self-only coverage or family coverage. “Family coverage” is simply defined as having […]

Read Full Article