Category: Industry News

Weekly HSA News – May 6, 2024

News from Washington DOL’s New Fiduciary Rule Faces First Legal ChallengeThe first lawsuit challenging the Department of Labor’s new fiduciary investment advice rule was filed May 2 in federal court. Plaintiffs are arguing that the new rule exceeds the Labor Department’s authority and is arbitrary and capricious, in violation of the Administrative Procedure Act. In […]

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Weekly HSA News – April 29, 2024

News from Washington DOL’s New Fiduciary Rule Is OutThe Department of Labor’s new fiduciary rule is out despite strong industry pushback and opposition by Republicans in Congress. Opponents of the proposed update to the definition of “investment advice” will almost certainly be disappointed, as the DOL generally only made clarifications rather than substantive changes. The […]

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Weekly HSA News – April 1, 2024

News from Washington IRS Announces Tax Relief for Taxpayers Impacted by Severe Storms, Landslides and Mudslides in Alaska; Various Deadlines Postponed to July 15The Internal Revenue Service announced tax relief for individuals and businesses in the Wrangell Cooperative Association of Alaska Tribal Nation that were affected by severe storms, landslides and mudslides that began on […]

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Weekly HSA News – February 26, 2024

HSA Compliance Corner Do State Mandates Disqualify HSA-Qualified Medical Plans?States have primary responsibility for regulating medical coverage. Unfortunately, their decisions can disqualify enrollees on plans governed by the state from opening and funding an HSA. Federal law regulates the design of HSA-qualified plans and defines which services can be covered in full. Any services that […]

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