HSA

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Indiana Severe Storms, Straight-line Winds, and Tornadoes

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 15, 2023, for severe storms, straight-line winds, and tornadoes in Indiana, for the incident period of March 31, 2023, – April 1, 2023.

April 17 2023

Industry & Regulatory News

DOL, IRS and HHS Release FAQs about ACA and CARES Implementation

The DOL, IRS and HHS (“the Departments”) have released a set of FAQs that explain their position on coverage of preventive services and vaccines in light of a recent court decision.

April 14 2023

Industry & Regulatory News

IRS Announces Deadline Relief for Tennessee Victims of Severe Storms, Straight-line Winds, and Tornadoes

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line winds, and tornadoes in Tennessee.

April 11 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Kentucky Severe Storms, Straight-line Winds, Tornadoes, Flooding, Landslides, and Mudslides

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 10, 2023, for Kentucky severe storms, straight-line winds, tornadoes, flooding, landslides, and mudslides, for the incident period of March 3, 2023 – March 4, 2023.

April 11 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Tennessee Severe Storms, Straight-line Winds, and Tornadoes

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 7, 2023, for severe storms, straight-line winds, and tornadoes in Tennessee, for the incident period of March 31, 2023 – April 1, 2023.

April 11 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Arkansas Severe Winter Storm

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 4, 2023, for a severe winter storm in Arkansas, for the incident period of January 30, 2023 – February 2, 2023.

April 05 2023

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for California Severe Winter Storms, Straight-line Winds, Flooding, Landslides, and Mudslides

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 3, 2023, for severe winter storms, straight-line winds, flooding, landslides, and mudslides in California, for the incident period of February 21, 2023, and continuing.

April 05 2023

Industry & Regulatory News

Tri-Agencies Provide FAQ Guidance for Group Health Plans in Anticipation of End of Public Health Emergency and National Emergency

During the COVID-19 Public Health Emergency (PHE) and National Emergency, numerous requirements were introduced for group health plans, which were generally aimed at ensuring individuals did not forgo testing or treatment for COVID-19 because they could not afford to pay for such services.

March 30 2023

Industry & Regulatory News

Bill Proposed to Allow HSA Distributions for Home Care Expenses

Representative Adrian Smith (R-NE), along with several co-sponsors have re-introduced the Homecare for Seniors Act — a bill that would allow funds to be used from health savings accounts (HSAs) for qualified home care services.

March 28 2023
HSA

Industry & Regulatory News

IRS Posts Wellness Expense Reimbursement FAQs

The IRS has posted a series of frequently asked questions addressing whether certain costs related to nutrition, wellness, and general health are medical expenses under Internal Revenue Code Section 213 that may be paid or reimbursed under a health savings account, health flexible spending arrangement, Archer medical savings account, or health reimbursement arrangement.

March 17 2023