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.
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.
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.
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.
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.
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.
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.
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.
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.
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.