News from Washington Thune-Carper Bill Would Expand Access to High-Value Services in HSA-Eligible, High-Deductible Health PlansSens. John Thune (R-SD) and Tom Carper (D-DE) reintroduced the Chronic Disease Management Act, bipartisan legislation that would ensure that HSA-qualified plans can cover care related to management of chronic disease prior to a beneficiary reaching their plan deductible. The […]
News from Washington Sens. Cassidy, Shaheen, Scott, Kelly Reintroduce Bill to Allow HSAs to Be Used for Direct Primary CareSenators Bill Cassidy (R-LA), Jeanne Shaheen (D-NH), Tim Scott (R-SC), and Mark Kelly (D-AZ) introduced a bipartisan bill to allow HSAs to be used to pay for direct primary care. The bill clarifies the tax code […]
News from Washington IRS: May 15 Tax Deadline Extended to October 16 for Disaster Area Taxpayers in California, Alabama and GeorgiaTaxpayers residing disaster areas in most of California and parts of Alabama and Georgia now have until October 16, 2023 (extended from the previous deadline of May 15 for these areas) to file tax returns […]
HSA Compliance Corner Will the Six-Month Retro Rule Affect Your Income Tax Return?When you enroll in Medicare after age 65, your Part A coverage is effective up to six months before the date that you sign up. If you know about this, you can recalibrate your contributions so that you don’t overfund your HSA when […]
HSA Compliance Corner Thank You for Your Military Service. Now, About Your HSA Eligibility . . .Veterans are entitled to certain lifelong medical benefits from the federal government. But those benefits may affect their eligibility to open and fund a Health Savings Account. It’s time to correct this injustice by removing barriers to their opening […]
News From Washington Biden Administration Plans to End COVID Public Health Emergency in MayThe Biden administration announced that the COVID-19 public health emergency, which has been in place since January 2020, is set to end on May 11. The public health emergency has been renewed 12 times under two different administrations. The announcement provided 101 […]
News From Washington A Record of Over 16 Million People Signed Up for Insurance Through ObamacareMore than 16.3 million people enrolled in a health plan through the Affordable Care Act during the most recent open enrollment period, marking the highest number of enrollees since the program was signed into law 10 years ago. This represented […]
News From Washington IRS: Georgia, Alabama Storm Victims Qualify for Tax Relief; April 18 Deadline, Other Dates Extended to May 15Storm victims in parts of Georgia and Alabama now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced. Among other things, […]
News from Washington White House Extends COVID-19 Public Health Emergency Once AgainThe Department of Health and Human Services officially renewed the ongoing public health emergency for the COVID-19 pandemic amid concerns over a more transmissible viral mutation and broad pandemic fatigue. The announcement by HHS Secretary Xavier Becerra marks the 12th renewal of the COVID-19 […]
HSA Studies & Analysis Segal: Colleges and Universities Are Embracing HDHPs with HSAsSegal’s 2022 College and University Benefits Study found there’s been steady growth in HDHPs as a percentage of all health plan offerings. The study also found a dramatic increase in the percentage of institutions offering HDHPs with Health Savings Accounts. Institutions are paying […]