IRS updates contribution limits for HSAs
The Internal Revenue Service today released updated contribution limits—adjusted for inflation—for health savings accounts for 2023.
Browsing: Health savings accounts
State Health Mandates Challenging Health Savings Account Eligibility
To help chronically ill Americans afford the high costs of prescription drugs, 11 states have adopted so-called copay accumulator “adjustment” laws.
Podcast: The Health of Savings in HSAs
More and more Americans are embracing health savings accounts, especially younger and middle-aged adults.
Survey: One in Five Millennials Have HSAs
Younger Americans are embracing health savings accounts, with about one in five people in their 30s having an account, according to a new HSA market survey released today by consulting firm Devenir and the American Bankers Association’s Health Savings Account Council.
ABA Data Bank: HSA Accounts, Assets Grew in 2020
Health savings accounts saw robust asset growth in 2020, with $82.2 billion in assets held in 30.2 million accounts, according to a survey by consulting firm Devenir. Assets were up 25% from a year ago, while the number of HSAs grew by 6%
Survey: HSA Accounts, Assets Grew in 2020
Health savings accounts saw robust asset growth in 2020, with $82.2 billion in assets held in 30.2 million accounts, according to a year-end HSA market survey conducted by consulting firm Devenir.
Agencies Propose Rule to Increase Flexibility for Grandfathered Group Health Plans
The Departments of Treasury, Labor, and Health and Human Services on Friday issued a proposed rule to amend the requirements for grandfathered group health plans to preserve their grandfather status while offering new flexibility to make changes to their plan designs.
ABA HSA Council Applauds New IRS Guidance on Coronavirus Testing
With concerns growing nationwide about the coronavirus, or COVID-19, pandemic, the IRS has issued guidance confirming that Americans financing their health care with a health savings account can access free COVID-19 testing.
ABA’s McKechnie: Congress Must Not Lose Focus on HSA Legislation
Amid a crowded legislative calendar—including an impeachment trial in the Senate—health care costs remain a top concern for most Americans, wrote Kevin McKechnie, executive director of ABA’s HSA Council, in an op-ed in The Hill.
ABA HSA Council Supports Bill to Extend Services Covered by HSAs
The American Bankers Association’s Health Savings Account Council today wrote to House Ways and Means Committee leaders urging them to support H.R. 3708, the Primary Care Enhancement Act.