President Donald Trump on Friday, March 27, signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which includes important provisions for users of HSAs, FSAs, and HRAs.
We’ve summarized the top seven announcements from 2019 on benefits changes and legislation, so employers and brokers can brush up before the new year.
Assembly Bill 1554: New California Law Requires Employers to Notify FSA Participants of Withdrawal Deadlines
California recently passed Assembly Bill No. 1554, requiring employers to notify employees who participate in health care, dependent care, and adoption assistance FSAs of any deadline to withdraw funds before the end of the plan year. Here's what we currently know about this legislation.
On July 18, 2019, Reps. Ami Bera (D-CA) and Jason Smith (R-MO) introduced H.R. 3796, the Health Savings for Seniors Act—a bipartisan bill that would allow individuals enrolled in Medicare to maintain eligibility for health savings account (HSA) contributions. Get the details here.
On Wednesday, July 17, the IRS released a notice that names additional medicines and services that can be treated as preventive care under HSA-compatible high deductible health plans (HDHPs) for those with chronic conditions.
President Trump last week issued an Executive Order, titled “Improving Price and Quality Transparency in American Healthcare to Put Patients First” to take actions to improve HSAs, FSAs, and HRAs.
Beginning on January 1, 2020, employers will be able to take advantage of two new health reimbursement account (HRA) designs: The Individual Coverage HRA and the Excepted Benefit HRA. Read on for more details about each plan.
We're excited to announce that ConnectYourCare was selected as a winner in the 21st annual Digital Health Awards® program. This competition, held each spring and fall, recognizes the world’s best digital health resources.