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.
Browsing: Insurance
Vilsack Confirmed as Ag Secretary; Trades Call for Protection of Crop Insurance
The Senate yesterday confirmed Tom Vilsack to serve as agriculture secretary by a bipartisan vote of 92 to 7. Vilsack previously served in the role during the Obama administration.
BOLI: A Stable Asset in Unstable Times
A surge of liquidity and prolonged period of low interest rates are creating new questions for balance sheet management.
ABA Announces $2.5 Million Insurance Distribution to Qualified Members
American Bankers Mutual Insurance Ltd.—the reinsurer for the American Bankers Association’s endorsed insurance program—will distribute $2.5 million to be shared by qualified member banks insured through ABA Insurance Services, the association announced today.
HUD Proposal to Allow Private Flood Insurance for FHA-Insured Mortgages
The Department of Housing and Urban Development today Read the proposal to allow mortgagors the option to purchase private floor insurance on Federal Housing Administration-insured mortgages for properties located in Special Flood Hazard Areas.
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 Announces $2.5 Million Insurance Distribution to Qualified Members
American Bankers Mutual Insurance Ltd.—the reinsurer for ABA’s endorsed insurance program—will distribute $2.5 million to be shared by qualified member banks insured through ABA Insurance Services, the association announced today.
ABA Urges Senate to Reauthorize Terrorism Risk Insurance Program
In a letter to Sens. Mike Crapo (R-Idaho), Sherrod Brown (D-Ohio), Thom Tillis (R-N.C.) and Tina Smith (D-Minn.) today, ABA urged the Senate to expeditiously reauthorize the Terrorism Risk Insurance Program.
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.
Fed Proposes Risk-Based Capital Requirements for Insurance Firms It Oversees
The Federal Reserve today proposed to establish risk-based capital requirements for the eight depository institution holding companies it oversees that are significantly engaged in insurance activities.