| News from Washington |
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| House Passes Bill to Expand Chronic Disease Treatment Options Under HSA-Qualified Plans The 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 plan. The bill now moves to the Senate. Read More |
| Hundreds of Stakeholders Urge Congress to Make HSA Telehealth Provision Permanent More than 300 organizations recently sent a letter to congressional leaders, encouraging them to make permanent a provision that allows employers to offer telehealth services below the deductible to employees with An HSA. More than 8 in 10 employers intend to offer employees and their dependents access to lower- or no-cost mental health support through their tele-mental health provider this year, the letter said. Read More |
| HSA Studies & Analysis |
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| Assessing the Positive and Negatives of Setting up Negative Elections to HSAs Default elections are an effective way of helping employees build their HSA. The practice is based on sound principles in the field of behavioral economics. Employers leverage this principle to help new employees by setting an initial level of compensation as a payroll deposit into employees’ accounts. Read More |
| Compliance Corner |
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| 7 Basic Rules of an HSA You Need to Know Understanding the rules of an HSA is critical in driving employee participation. According to a recent survey, HSAs were one of the top three benefits they wanted more education on. And only half of those surveyed report said that they understand the differences among the different health accounts. Let’s break down some of an HSA’s basic rules. Read More |
| What Is a Letter of Medical Necessity and When Do You Need One? When it comes to using pre-tax health accounts like HSAs, FSAs, and HRAs, you may assume that all medical expenses are automatically covered. However, certain expenses require additional documentation to be considered eligible. That’s where a letter of medical necessity (LMN) comes in. This guide will explain what an LMN is, why it’s important, and how to obtain one. Read More |
| Best Practices |
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| Why Menopause Benefits and Support in the Workplace Matter Despite affecting approximately 17.5% of the US workforce, menopause in the workplace remains one of the most overlooked aspects of workplace health policy. With substantial financial implications, this oversight of menopause employee benefits is no longer sustainable in today’s competitive talent market. Read More |
| HSAs & Retirement |
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| I’m a Financial Expert: This Hidden Retirement Strategy Could Add $100,000 to Your Nest Egg With the future of Social Security hanging in the balance, it is more critical than ever for Americans to implement wealth-building retirement strategies and grow their nest eggs. One overlooked retirement strategy for reaching a six-figure income is a Health Savings Account. A financial advisor can help determine if an HSA is right for your financial needs. Read More |
| What Happens to Your HSA in Retirement? HSAs can be valuable components of individuals’ savings toolkits. If investors are able to pay out of pocket for healthcare costs and allow their HSA accounts to grow, the HSA assets can better harness the power of compounding, and the tax benefits are also more valuable when stretched over a longer period of time. Before they employ an HSA as a long-term investment vehicle, though, investors need to do their due diligence. Read More |
| Maximizing Your HSA |
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| HSA Triple Tax Advantages Explained HSAs provide a way to save money before it’s been taxed to pay for qualified medical expenses. Because HSAs have a triple tax advantage, and your employer might contribute to your account, you might decide that its worth enrolling in a high deductible health plan. Here’s more about HSAs’ tax benefits and other considerations. Read More |
| How Women Can Use HSAs for Long-Term Wealth Despite their powerful benefits, many women hesitate to invest their HSA funds. Whether due to risk concerns, misconceptions, or competing financial priorities, this hesitation can lead to missed opportunities for financial security—especially in retirement. Let’s break down why investing HSA funds is a smart move for women and tackle common misconceptions that may be holding them back. Read More |
| Coming Out of an FSA Grace Period? Time to Set Your HSA Contribution Activity in Motion! Health FSA enrollees whose plan years ended December 31 but who carried a balance into a grace period have not been eligible to open an HSA or make or receive contributions yet in 2025. With the end of the grace period in sight, now is the time to make sure you don’t miss any the opportunity to utilize your new account as soon as the law says that you can. Let’s examine this issue. Read More |
| Consumer-Driven Health Care |
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| More Than 1 in 4 Workers Don’t Know if They Have Mental Healthcare Benefits, Survey Finds More than one-quarter of workers don’t know if their employer offers mental healthcare benefits, an employee assistance program, flexible work arrangements or sick days for mental health, according got a recent poll. Further, only a little over half the workforce knows how to access their mental healthcare benefits. Read More |