Tag: health savings accounts

Weekly HSA News – July 15, 2024

News from Washington IRS Announces Tax Relief for West Virginia Taxpayers Impacted by Severe Storms, Flooding, Landslides, and MudslidesThe Internal Revenue Service announced tax relief for individuals and businesses in West Virginia that were affected by severe storms, flooding, landslides, and mudslides that began on April 11, 2024. These taxpayers now have until November 1, […]

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Weekly HSA News – July 8, 2024

HSA Studies & Analysis Expanding Pre-Deductible Coverage in HSAs Boosts Adherence to Certain MedicationsPatients with certain chronic conditions increased medication adherence when enrolled in HSA-qualified plans with pre-deductible coverage, a new study from EBRI found. Although the increases were relatively small, adherence rates already were relatively high, averaging 77% to 89% for most medications.   […]

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Weekly HSA News – July 1, 2024

News from Washington IRS Provides Tax Relief for Taxpayers Impacted by Severe Storms in Mississippi; Deadlines Postponed to November 1, 2024The IRS announced tax relief for individuals and businesses in Mississippi that were affected by severe storms, straight-line winds, tornadoes and flooding that began on April 8, 2024. These taxpayers now have until November 1, […]

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Weekly HSA News – June 10, 2024

News from Washington IRS: Kentucky Storm Victims Qualify for Tax Relief; Various Deadlines Postponed to November 1The Internal Revenue Service announced tax relief for individuals and businesses in parts of Kentucky affected by severe storms, straight-line winds, tornadoes, landslides and mudslides that began on April 2, 2024. These taxpayers now have until November 1, 2024, […]

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Weekly HSA News – June 3, 2024

News from Washington IRS Announces Tax Relief for Taxpayers Impacted by Storms and Flooding in Massachusetts; Various Deadlines Postponed to July 31The Internal Revenue Service announced tax relief for individuals and businesses in parts of Massachusetts affected by severe storms and flooding that began on September 11, 2023.These taxpayers now have until July 31, 2024, […]

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Weekly HSA News – May 28, 2024

News from Washington EBSA Official Expresses Confidence in Legal Strength of Retirement Security RuleA day after an insurance agent advocacy group filed a motion to pause the Labor Department’s new retirement security rule, Timothy Hauser, Deputy Assistant Secretary of the Employee Benefits Security Administration, said that the new rule is different from the previous one […]

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Weekly HSA News – May 13, 2024

News from Washington IRS Releases Health Savings Account Amounts for 2025The IRS published the inflation-adjusted HSA contribution limits and high-deductible health plan requirements for 2025. For the coming year, the annual contribution limit for individuals with self-only coverage under a high-deductible health plan is $4,300. The annual limit for individuals with family coverage is $8,550. […]

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