HSA Compliance Corner Your Doctor Prescribes It. But Is It Qualified for Tax-Free Reimbursement? There are many health care services and goods that you can reimburse tax-free from an HSA, but some require a doctor’s prescription, and even that might not satisfy the IRS. In the case of a non-traditional prescribed course of treatment, […]
News from Washington Republicans Take Control of House Republicans will take control of the House of Representativesafter results released more than a week after a brutal election night give them what is projected to be a narrow edge in the next Congress. The GOP took a slim lead after the Associated Press called a […]
News from Washington Democrats Will Keep Control of Senate, Bucking Historical Trend Democrats are projected to hold onto their narrow Senate majority after Sen. Catherine Cortez Masto eked out a win in Nevada Saturday night, beating back a furious challenge from Republicans who sought to seize on voters’ growing economic and political angst in […]
News from Washington HHS Renews Public Health Emergency for Monkeypox Outbreak The Department of Health and Human Services renewed the national public health emergency for the monkeypox outbreak even as cases continue to drop. There are currently no vaccines or treatments specifically meant for monkeypox. The public health emergency for monkeypox was first signed […]
HSA Studies & Analysis PSCA Finds More Employers Using Automatic Enrollment for HSAs More employers are using automatic enrollment into HSAs as part of an effort to position the accounts more as savings vehicles than spending vehicles, according to a new survey. Automatic enrollment “dramatically increases” the savings rate. Employers are still struggling, however, with […]
HSA Compliance Corner Questions About Medicare and HSAs Keep Surfacing – Part A Collisions Too few Americans approaching age 65 know the ins and outs of Medicare enrollment. As the number of working seniors (those who remain employed after their 65th birthday) increases and Health Savings Accounts become more widespread, the conflicts between the […]
News from Washington Biden Administration Extends COVID-19 Public Health Emergency DeclarationThe Biden administration on Thursday extended the nation’s COVID-19 public health emergency for the next 90 days as officials brace for a potential surge of infections over the winter. The public health emergency was first declared in January 2020, and has been renewed every 90 […]
News from Washington Bills Would Cover More Services Below the Deductible on HSA-qualified Plans Members of Congress have left Washington, DC, through the November 8 mid-term elections. They’ll reconvene sometime later this year for a lame-duck session during which proposals to strengthen HSAs or correct technical issues may be considered. A number of bills […]
News from Washington Government Shutdown Averted as Biden Signs Funding Bill The House of Representatives voted on Friday to approve a stopgap bill to fund the government through December 16, averting a shutdown just hours ahead of a midnight deadline when funding was set to expire. President Joe Biden signed the bill Friday afternoon. […]
News from Washington Voters Split on Which Party They Want to Take Congress in Midterms With control of Congress hanging in the balance, Republicans and Democrats are neck-and-neck in the weeks before November’s midterm elections, according to a poll released September 25. Asked if the election for the House were held today, 47% of […]