News from Washington IRS Gives Big Boost to HSA, HDHP Limits in 2024Thanks in part to persistent high inflation, employees will be able to sock away a lot more money in their HSAs next year. The annual limit on HSA contributions for self-only coverage will be $4,150, a 7.8 percent increase from the $3,850 limit […]
News from Washington Direct Primary Care Access Would Be Expanded Under Bipartisan Smucker BillA bipartisan bill recently offered by Rep. Lloyd Smucker (R-PA) would allow individuals with direct primary care service arrangements to contribute to their HSAs and use HSA funds to pay for direct primary care fees. Read More HSA Compliance Corner How […]
News from Washington IRS Announces Tax Relief for Victims of Severe Storms, Tornadoes and Flooding in FloridaVictims of severe storms, tornadoes and flooding in Florida from April 12 to April 14, 2023, now have until August 15, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced. […]
News from Washington Biden Administration Seeks to Pause Order Blocking Obamacare Preventive Care MandateThe Biden administration has asked a federal appeals court to put on hold a judge’s ruling striking down the Affordable Care Act’s mandate that insurers cover preventive care, including screenings for certain cancers and pre-exposure prophylaxis against HIV (PrEP), at no extra […]
News from Washington IRS Announces Tax Relief for Victims of Severe Storms, Straight-line Winds and Tornadoes in IndianaVictims of severe storms, straight-line winds and tornadoes in Indiana from March 31 to April 1, 2023, now have until July 31, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue […]
News from Washington Biden Signs Bill Ending National COVID-19 EmergencyPresident Biden signed a GOP-led resolution on April 10, bringing an end to the national emergency over the COVID-19 pandemic. The White House said it was already planning to wind down the national emergency and public health emergency around COVID-19 on May 11, giving states the […]
News from Washington Biden Administration Appeals Texas Court Decision Striking Down Free Obamacare Coverage of Preventive CareThe Biden administration appealed a Texas federal judge’s decision to strike down free Obamacare coverage of preventive health-care services ranging from screenings for certain cancers and diabetes to HIV prevention drugs. The case will now go to U.S. Fifth […]
News from Washington Texas Judge Strikes Down Obamacare’s Free Preventive Services RequirementA federal judge in Texas struck down a key provision of the Affordable Care Act that requires insurers and employers to cover preventive services for free. The ruling applies nationwide and takes effect immediately. The decision jeopardizes access to treatment for millions of Americans […]
News from Washington IRS Provides Tax Relief for Victims of Severe Winter Storms, Flooding, Landslides and Mudslides in CaliforniaVictims of severe winter storms, flooding, landslides and mudslides in California beginning March 9, 2023, now have until October 16, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service […]
News from Washington IRS Answers FAQs n Medical Costs Paid Under HSA, FSA, and HRA PlansThe IRS has posted answers to frequently asked questions regarding whether certain costs related to nutrition, wellness, and general health are medical expenses that may be paid or reimbursed under an HSA, health FSA, or HRA. The FAQs clarify information […]