| News from Washington |
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| Congress Reintroduces PHIT Act, Which Could Have New Life Under Trump A bipartisan group of lawmakers reintroduced the Personal Health Investment Today Act, which could have a renewed shot at passing under the administration of President Donald Trump. The bill would amend the IRS tax code to allow Americans to spend pre-tax healthcare dollars from HSAs and FSAs on fitness-related purchases. Read More |
| Supreme Court to Hear Case Challenging No-Cost Screening Requirements The U.S. Supreme Court will consider whether insurance companies must continue covering the full cost of preventive health services under the Affordable Care Act next month when it hears oral arguments in Braidwood Management vs. Becerra. The Supreme Court will hear oral arguments in the case on April 21. Read More |
| House Committee Chair Asks DOL to Withdraw Fiduciary Rule House Education and Workforce Committee Chairman Tim Walberg has called on newly appointed Labor Secretary Lori Chavez-DeRemer to rescind the Biden administration’s fiduciary rule. His request comes after a recent ruling by the Fifth Circuit U.S. Court of Appeals granting the Trump administration and the DOL a 60-day pause to analyze its response to the rule and two federal court cases challenging the regulation. Read More |
| Judge Blocks Trump Administration from Dismantling CFPB A U.S. District Judge barred the Trump administration from stopping work and firing employees at the Consumer Financial Protection Bureau and ordered the reinstatement of previously terminated workers. She also blocked the destruction of any CFPB records and ordered the recission of any contract cancellations issued on or after February 11. Read More |
| Best Practices |
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| 5 Ways Employers Can Contribute to Their Employees’ Health and Financial Wellbeing Today’s employees, especially those who are early into careers, are looking for employers to help support them beyond saving for retirement and the basics. They want assistance saving for health care, retirement as well as emergencies and lifestyle choices. Here are five ways employers can contribute to their employees’ health and financial wellbeing and the benefits these programs can provide for employers and employees alike. Read More |
| Market Trends |
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| Less Than Half of Americans Satisfied With Their Financial Advice Only two in five Americans are satisfied with the financial advice they receive, according to a new study from TIAA Institute. However, of those who worked with a financial adviser, 62% reported higher levels of satisfaction, underscoring the value and need for greater access to financial professionals. Read More |
| HSAs & Retirement |
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| Study Highlights Americans’ (Lack of) Preparedness for Retirement Health Costs A new report provides some interesting information on pre-retirement investors’ beliefs about the intersection of their health and wealth during their post-working years. The bad news is that the report provides sobering information about retirement for those who have not planned adequately for this phase of their lives. The good news is that an HSA eases these medical and financial challenges and opportunities. Read More |
| Medicare Costs Rise in 2025 With Higher Part D Premiums, Advantage Deductibles Medicare enrollees are experiencing extensive cost increases this year, with Part D premiums rising 24% and Medicare Advantage deductibles more than doubling, according to eHealth’s latest analysis of enrollment trends. This marks the highest Part D premium eHealth has ever recorded since it began tracking premium trends in 2018. Read More |
| Maximizing Your HSA |
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| 3 Things You Need to Know About HSAs in 2025 Like an IRA or 401(k), a Health Savings Account is another account that’s loaded with tax benefits. HSAs are a hybrid savings and investment account you can use to cover healthcare expenses. However, it’s important to know how they work and how to manage yours efficiently. With that in mind, here are three things to know about HSAs in 2025. Read More |
| IRA, HSA or Roth IRA: Smart Tax Moves to Make Before April 15 Deadline As the April 15 tax deadline approaches, it’s essential to understand the benefits and differences between Health Savings Accounts, Traditional Individual Retirement Accounts, and Roth IRAs. Each offers unique tax advantages and contribution limits for the 2024 tax year. Here’s a comparison of the key features of HSAs, traditional IRAs, and Roth IRAs. Read More |
| Consumer-Driven Health Care |
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| A Millennial Couple Who Used IVF Explain How They Navigated the $18,000 Bill and Skepticism from Family Barrett and Shiraine McLeod knew fertility treatments would be expensive. Embryo implantation might not work on the first round, and the cost of doctor’s visits, blood screenings, genetic testing, and embryo storage quickly adds up. Shiraine would tell other Americans thinking about IVF to open an HSA. Saving $266 a month of pre-tax money in an HSA has helped her cover out-of-pocket costs without stress, she said. Read More |
| Mark Cuban Wants to Revolutionize US Health Care Businessman Mark Cuban is making it his “mission” to shake up U.S. health care. “If I could change health care in this country, that would be amazing,” Cuban said in an interview. For Cuban, that starts with his company Cost Plus Drugs, which launched in 2022 with the goal of pharmacies leapfrogging middleman wholesalers. Read More |