News from Washington ABA HSA Council Lists Policy Barriers to Expanding Use of Health Savings AccountsThe American Bankers Association’s HSA Council outlined multiple steps the Centers for Medicare and Medicaid Services can take to allow more Americans to qualify for and use an HSA. In a letter to the acting administrator of CMS, the council […]
News from Washington Democrats’ ‘Long-Shot’ Healthcare Package Abruptly Fails in Last-Ditch EffortA last-ditch effort to pass a bipartisan healthcare package pushed aside at the end of 2024 that includes telehealth extensions and pharmacy benefit manager reform, reverses doc pay cuts and addresses the opioid crisis failed. It was a last-ditch effort destined to fail, with […]
News from Washington House Passes Bill to Expand Chronic Disease Treatment Options Under HSA-Qualified PlansThe House of Representatives passed a bipartisan bill to expand chronic disease treatment options covered by high deductible health plans. The legislation would allow employers to offer pre-deductible coverage of specific healthcare services for employees with chronic conditions under an HSA-qualified […]
News from Washington IRS Announces Tax Relief for Taxpayers Impacted by Severe Storms in Kentucky; Deadlines Postponed to November 3The IRS announced tax relief for individuals and businesses in the entire state of Kentucky affected by severe storms, straight-line winds, flooding, and landslides that began on February 14, 2025. These taxpayers now have until November […]
News from Washington Trump Administration to Defend ACA Preventive Services MandateThe Trump administration told the Supreme Court that it intends to defend the Affordable Care Act’s requirement that insurers cover certain recommended preventive services at no cost to patients. The Justice Department wrote in a brief that it will maintain the Biden administration’s arguments in […]
News from Washington DOL Files to Pause Appeal of Fiduciary RuleDepartment of Labor filed a motion in the U.S. 5th Circuit Court of Appeals to hold its appeals in two court cases about the DOL’s fiduciary rule, saying the new administration and agency officials need time to onboard and familiarize themselves with the cases. DOL […]
News from Washington Bill Would Expand Treatment Options Under HSA-Qualified High Deductible Health PlansHouse lawmakers have introduced a bill to expand chronic disease treatment options covered by high deductible health plans, such as for individuals with high blood pressure or asthma. The bill would allow employers who offer HSA-qualified coverage the option of including pre-deductible […]
News from Washington Understanding the Trump Impact: 5 Areas to Watch in Wake of the 2024 U.S. Election ResultsExecutives should remain aware of changes that affect investment, employee benefits, retirement and compensation. Here are five areas to watch to better understand how the 2024 election results might impact capital markets, retirement, health insurance and compensation […]
News from Washington HSA Modernization Act of 2025 Would Expand Eligibility and OpportunitiesRep. Beth Van Duyne (R-TX) recently introduced the HSA Modernization Act which would expand HSAs through a handful of measures that permit more Americans to open and fund accounts and provide more flexibility in plan design. Here’s an analysis of the major provisions […]
News from Washington Could Universal Savings Accounts Become a Reality When Trump Takes Office?There are a number of tax-advantaged savings accounts currently available to Americans that enable you to grow your savings, or withdraw your savings, with tax benefits. If some lawmakers have their way, there may be a new kind of account known as […]