Tag: hsa

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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Weekly HSA News – May 6, 2024

News from Washington DOL’s New Fiduciary Rule Faces First Legal ChallengeThe first lawsuit challenging the Department of Labor’s new fiduciary investment advice rule was filed May 2 in federal court. Plaintiffs are arguing that the new rule exceeds the Labor Department’s authority and is arbitrary and capricious, in violation of the Administrative Procedure Act. In […]

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Weekly HSA News – April 29, 2024

News from Washington DOL’s New Fiduciary Rule Is OutThe Department of Labor’s new fiduciary rule is out despite strong industry pushback and opposition by Republicans in Congress. Opponents of the proposed update to the definition of “investment advice” will almost certainly be disappointed, as the DOL generally only made clarifications rather than substantive changes. The […]

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Weekly HSA News – April 1, 2024

News from Washington IRS Announces Tax Relief for Taxpayers Impacted by Severe Storms, Landslides and Mudslides in Alaska; Various Deadlines Postponed to July 15The Internal Revenue Service announced tax relief for individuals and businesses in the Wrangell Cooperative Association of Alaska Tribal Nation that were affected by severe storms, landslides and mudslides that began on […]

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