Opening a Health Savings Account (HSA) could be the best healthcare and retirement planning decision you ever make.Health Savings Accounts and like nothing else in existence when it comes planning for managing healthcare costs – now and in the future.The Power of an HSA is so unique, just take a look at the HUGE key features:• Money you contribute is income TAX FREE !!• Money grows in this account TAX FREE !!• Money in your HSA used to pay for qualified health expenses … [Read More...]
Latest HSA News
Bills Now in House and Senate to Allow Reimbursement for OTC Drug Expenses
Bills Now in House and Senate to Allow Reimbursement for OTC Drug Expenses Thursday, April 11, 2019 (0 Comments) Posted by: Martin Trussell Last month, Reps. Ron Kind (D-WI), Grace Meng (D-NY), … [Read More...]
IRS Expands Preventive Care Allowed Under HDHPs
With the issuance of Notice 2019-45 on July 17, 2019, the Treasury Department and the Internal Revenue Service (IRS) have expanded the types of preventative care that can now be covered under a High Deductible Health Plan (HDHP) for people with certain chronic … [Read More...]
IRS Issues Guidance On Preventive Care And Health Savings Account Plans
If you’ve grown tired of digging into your wallet to pay for out-of-pocket medical expenses, you might be getting a break. The Internal Revenue Service (IRS) has added care for some chronic conditions to the list of preventive care benefits that may be provid…Read More … [Read More...]
Latest Benefit News & Updates
Employers focusing on mental health benefits
WASHINGTON — Mental health conditions impact one in five people in the workforce, which is why well-being programs should be top of mind for employers looking to improve access to care and break down the stigma surrounding behavioral health problems. “We have a long way to … [Read More...]
Reps. Kind, Meng, Walorski, and LaHood Introduce Bill to Lower Health Care Costs
WASHINGTON – On Wednesday, U.S. Reps. Ron Kind (D-WI), Grace Meng (D-NY), Jackie Walorski (R-IN) and Darin LaHood (R-IL) introduced the bipartisan Restoring Access to Medication Act, which will improve access to care and help families afford the medications and other health … [Read More...]
The House Votes to Repeal Cadillac Tax by an Overwhelming Majority
The House Votes to Repeal Cadillac Tax by an Overwhelming Majority Wednesday, July 17, 2019 (0 Comments) Posted by: Martin Trussell This evening, the House of Representatives … [Read More...]
Latest News From Across The Industry
Press Release: DataPath and TPA Stream Announce Integration
DataPath, Inc. announces integration with TPA Stream to enhance TPA efficiency LITTLE ROCK, ARKANSAS (August 21, 2019) – DataPath, Inc., a leading provider of technology solutions for healthcare benefits administration, announced today an affiliation with TPA Stream, a middleware software for healthcare and financial … [Read More...]
New Legislation Includes a One-Year Delay in Cadillac Tax
New Legislation Includes a One-Year Delay in Cadillac Tax Monday, December 10, 2018 (0 Comments) Posted by: William Sweetnam Today, the Chairman of the House Ways and Means Committee introduced tax legislation that includes … [Read More...]
Credit Card Benefits, Free Insurance Included?
If you're headed out of town this summer, your credit card's benefits could help pay for unexpected problems in the air or on the road. Rental car insurance, which is offered on the Chase Sapphire Preferred Card, can save the day in the event of loss or damage. Trip interruption and cancellation coverage, offered on … [Read More...]
ICHRA: IRS and Other Agencies to Create New HRA Types
The Internal Revenue Services (IRS) issued a final rule to create two new types of Health Reimbursement Arrangements (HRAs). The newly created Individual Coverage HRA (ICHRA) and the Excepted Benefit HRA will go into effect on January 1, 2020. The June 13 ruling is in response to President Trump’s executive order issued … [Read More...]
New House Bill Terminates HSAs and FSAs
The ECFC Government Relations & Interpretations team has learned that two senior House Democrats are pitching a new plan for universal health care that would broadly expand Medicare coverage while retaining a small role for private insurers and an option for employers to fund Medicare plans for employees. The … [Read More...]
HSA as a Financial Planning Tool | Healthcare Business Today
Why Millennials Should Embrace HSA as a Financial Planning Tool June 22, 2019 By Thomas O’Banion Originally Posted on Healthcare Business Today A Health Savings Account (HSA) is a smart investment for anyone at any age. But for Millennials in the early stages of their adult lives, opening an HSA in … [Read More...]