Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington Pelosi Sets Thursday Vote on Bipartisan Infrastructure BillThe House will vote Thursday on the Senate-passed bipartisan infrastructure bill, pushing back an originally planned vote for Monday that Democratic moderates had demanded as part of a deal with Speaker Nancy Pelosi […]
Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington Democrats Suffer Blow on Drug Pricing as 3 Moderates Buck PartyDemocrats’ signature legislation to lower drug prices was defeated in a House committee on September 15 as three moderate Democrats voted against their party. The vote is a striking setback […]
The Health Savings Account. A tax advantaged account attached to a special type of health plan. The idea is simple. The business of acquiring those accounts? That’s another story. Take a moment to review this picture and try to follow what’s going on. At the bottom are the ultimate HSA users. Employers offer HSAs in their benefit […]
Read the latest news about Health Savings Accounts and consumer-driven health care. News from Washington Sen. Manchin Says He Can’t Support Biden’s $3.5 Trillion Spending PlanSen. Joe Manchin, a key moderate Democrat from West Virginia, said on September 12 that he can’t support President Biden’s $3.5 trillion spending plan. Manchin also said he would look at adjusting […]
Here’s something we are often surprised to find out as we dive deeper into how HSA providers handle this topic: – most make mistakes when handling reversals. Sure, everyone knows most credits are contributions, and those count towards the annual max. And here starts another challenge, not all will enforce the statutory maximum contribution limit. This means, they […]
As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 15 years. With the January 13 release of the December inflation figures by the Bureau of […]