Recent Articles
Stimulus Package Provides New FSA Carryover Options
President Donald Trump signed a new stimulus bill into law on December 27, 2020 which will provide direct payments to eligible individuals and loans to small businesses, among other things. Among those other things are temporary and optional changes that...
Congress Passes No Surprise Billing Act
The Deal to End Surprise Medical Bills Finally Gets Approved Scope Of The Protections Consumers would be protected from surprise medical bills when they receive care in both emergency and nonemergency settings; the protections would extend to out-of-network air...
BCBSIL bosses bag big bucks after unjustified rate increases, staff layoffs….Enough is Enough!
Severance pay drove the outgoing CEO's compensation above $31 million, while the Blue Cross parent also showered cash on her interim successor, the board chairman and other execs. Paula Steiner, who stepped down as CEO in July, received total compensation last year of...
IRS Announces 2021 Health Savings Account Contribution Limits, Still Time To Make 2019 And 2020 HSA Contributions
The Internal Revenue Service announced new, higher contribution limits for health savings accounts for 2021 today. You’ll be allowed to contribute $3,600 for individual coverage for 2021, up from $3,550 for 2020, or $7,200 for family coverage, up from $7,100 for 2020....
Trump rejects Obamacare special enrollment period amid pandemic
The Trump administration has decided against reopening Obamacare enrollment to uninsured Americans during the coronavirus pandemic, defying calls from health insurers and Democrats to create a special sign-up window amid the health crisis. President Donald Trump and...
IRS Allows Health Plans to Cover More Treatments Before Deductible Is Met
The Treasury Department and IRS added treatments for a range of chronic conditions to the list of preventive-care benefits for which a high-deductible health plan (HDHP) can pay—even if a plan enrollee's health care spending hasn't surpassed the plan...
White House expands HRAs aimed at small businesses
The Trump administration is expanding options for employers to use special accounts to help workers buy their own health insurance, upgrade job-based coverage, or choose low-cost plans with limited benefits, officials said Thursday. The tax-free individual accounts...
Trump asks courts to erase Obamacare
(Bloomberg) — The Trump administration is hardening its legal position toward Obamacare, arguing now the entire law is unconstitutional in a shift that promises to bring the issue to the forefront of the 2020 election campaign. The position is a change for the Justice...
Amazon takes another step into health insurance space by accepting HSA and FSA accounts
A screenshot of Amazon's FSA/HSA storefront KEY POINTS Amazon will now accept consumers’ health savings and flexible savings accounts. That allows people to contribute a portion of their salary or wages, before taxes, to cover medical expenses that would...
2019 HSA Contribution Limits Released By The IRS
The IRS has announced 2019 HSA contribution limits as part of the release of Revenue Procedure 2018-30. The limits are: HSA 2018 2019 Self-only HSA contribution limit $3,450 $3,500 Family HSA contribution limit $6,900 $7,000 In 2019,...