HDHPs

With the pandemic emergency officially over, a break for high-deductible health plans is going away.

Under the proposed regulations, amounts paid for DPC arrangements and HCSMs are treated as deductible medical expenses.

The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.

The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.

Notice 2020-15 clarifies what Covid-19 expenses can be covered from HSAs.

High-deductible plans can now offer a number of new preventive care benefits.

The Internal Revenue Service has issued the inflation-adjusted limits for health savings accounts for next year.

The Internal Revenue Service has issued a revenue procedure providing the 2019 inflation-adjusted amounts for HSAs and high deductible health plans.

The Internal Revenue Service is granting relief to taxpayers who have family coverage under a high deductible health plan and who contribute to a health savings account.

There may soon be three more letters in your employer’s alphabet soup of benefit plans. Those letters are HSA, which stands for health savings account, and they can bring tax advantages at a time when you could use them the most.