News from Washington IRS Releases Health Savings Account Amounts for 2026The IRS published the inflation-adjusted Health Savings Account contribution limits and high-deductible health plan requirements for 2026. All amounts showed modest increases over the amounts for 2025. Read More IRS Announces Tax Relief for Taxpayers Impacted by Severe Winter Storms and Flooding in Virginia; Various […]
News from Washington IRS Further Postpones Various Tax Deadlines to September 25 for North Carolina Storm VictimsDue to the lingering effects of Hurricane Helene, the IRS further postponed a wide range of tax deadlines from May 1 to September 25 for taxpayers throughout North Carolina. This means that individuals and households that reside or have […]
News from Washington Lawmakers: IRS Should Expand Chronic Disease Treatment Options Under HSA-Qualified PlansThree House lawmakers, including Ways & Means Committee Chair Jason Smith (R-MO), recently asked the IRS to update Notice 2019-45 and expand the list of preventive care services and treatments for people with chronic diseases covered under employer-sponsored high-deductible health plans. Read […]
News from Washington Senate Confirms Paul Atkins as SEC ChairmanThe U.S. Senate voted to confirm Paul Atkins as the chair of the Securities and Exchange Commission. Atkins was also an SEC commissioner under President George W. Bush from 2002 through 2008, focusing on the financial services industry and securities regulation. Read More HSA Studies & Analysis […]
HSA Studies & Analysis HSA Assets Reached Nearly $147B in 2024A new report by Devenir reveals total HSA assets grew to nearly $147 billion across more than 39 million accounts as of the end of 2024, reflecting a year-over-year increase of 19% for assets and 5% for accounts. Devenir projects continued growth in the HSA […]
News from Washington Congress Reintroduces PHIT Act, Which Could Have New Life Under TrumpA bipartisan group of lawmakers reintroduced the Personal Health Investment Today Act, which could have a renewed shot at passing under the administration of President Donald Trump. The bill would amend the IRS tax code to allow Americans to spend pre-tax healthcare […]
News from Washington ABA HSA Council Lists Policy Barriers to Expanding Use of Health Savings AccountsThe American Bankers Association’s HSA Council outlined multiple steps the Centers for Medicare and Medicaid Services can take to allow more Americans to qualify for and use an HSA. In a letter to the acting administrator of CMS, the council […]
News from Washington Democrats’ ‘Long-Shot’ Healthcare Package Abruptly Fails in Last-Ditch EffortA last-ditch effort to pass a bipartisan healthcare package pushed aside at the end of 2024 that includes telehealth extensions and pharmacy benefit manager reform, reverses doc pay cuts and addresses the opioid crisis failed. It was a last-ditch effort destined to fail, with […]
News from Washington House Passes Bill to Expand Chronic Disease Treatment Options Under HSA-Qualified PlansThe House of Representatives passed a bipartisan bill to expand chronic disease treatment options covered by high deductible health plans. The legislation would allow employers to offer pre-deductible coverage of specific healthcare services for employees with chronic conditions under an HSA-qualified […]
News from Washington IRS Announces Tax Relief for Taxpayers Impacted by Severe Storms in Kentucky; Deadlines Postponed to November 3The IRS announced tax relief for individuals and businesses in the entire state of Kentucky affected by severe storms, straight-line winds, flooding, and landslides that began on February 14, 2025. These taxpayers now have until November […]