Tag: health savings accounts

Weekly HSA News – December 11, 2023

HSA Compliance Corner How Much Can Family Members Contribute to HSAs in 2024?You’ve probably set your pre-tax payroll deductions to fund your Health Savings Account in 2024. If not, don’t worry – you can make prospective changes to your payroll deductions and personal contribution schedule at any time. But don’t overlook certain situations in which […]

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Weekly HSA News – November 27, 2023

HSA Compliance Corner Different Contributions for New Hires? Yes, but Be Sure to . . .Employers can determine how to treat workers who become HSA-eligible after the first day of their HSA contribution year. Some employer-contribution policies require some thought around how to handle mid-year eligibility. Other policies often require no modification. Employers should make […]

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Weekly HSA News – November 20, 2023

News from Washington DOL Denies Request to Extend Fiduciary Rule Comment PeriodAssistant Secretary of the Labor Department’s Employee Benefits Security Administration, Lisa Gomez, denied a request by industry trade groups to extend the comment period on Labor’s fiduciary rule. Gomez said in a letter that “EBSA believes that its current proposal reflects significant input it […]

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Weekly HSA News – October 30, 2023

News from Washington New Prohibited Transaction Exemption Procedures Could Be Coming SoonFinal regulations updating the existing procedures governing the filing and processing of applications for administrative exemptions from the prohibited transaction provisions of ERISA, the Internal Revenue Code and the Federal Employees’ Retirement System were submitted to the White House Office of Management & Budget […]

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Weekly HSA News – October 9, 2023

News from Washington Court Strikes Down HHS Rule Allowing Insurers to Exclude Co-Pay AssistanceA federal judge has struck down a Trump administration rule that allowed health insurers to exclude drug manufacturer co-pay assistance towards a beneficiary’s out-of-pocket costs. The court ruling means that insurers are now precluded by federal regulation from implementing co-pay accumulator programs […]

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