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.
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.
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.
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.
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.
As seniors struggle with healthcare costs, a recent bipartisan bill introduced by Reps. Ami Bera (D-Calif.) and Jason Smith (R-Mo.) would allow greater flexibility by giving them the option to purchase a health savings account, wrote Kevin McKechnie, executive director of ABA’s HSA Council, in an op-ed in The Hill today.
The American Bankers Association last week urged the National Association of Insurance Commissioners to provide a safe harbor for banks and their affiliates in the insurance distribution business in its “suitability in annuity transactions” model law.
With a vote of 369 to 47 today, the House approved the 2018 Farm Bill.
American Bankers Mutual Insurance Ltd. — the reinsurer for the American Bankers Association’s endorsed insurance program — will distribute $2 million to be shared by qualified member banks insured through ABA Insurance Services, the association announced today.