Congress Moves on HSA Expansion
Earlier this week, the
* HSA Contribution Limit Increase: HSA contribution would be raised to
* Health FSA Carry-Over: FSA balances could be carried over to the following plan year, not to exceed three times the annual FSA contribution limit
* Fitness/Health Expense Coverage: Certain sports and fitness expenses, such as the cost of gym memberships, would be treated as qualified medical expenses up to a limit of
* HDHP with HSA Transfer: Employer may allow employees with an FSA or HRA that enroll in a qualifying High-Deductible Health Plan (HDHP) with an HSA to transfer balances (capped at
* First Dollar Coverage Flexibility for HDHPs: Health plans can provide coverage for services before the deductible is met up to
* Direct Primary Care: Allow HSA use for Direct Primary Care Service Arrangements and allow fees to be treated as qualified medical expenses (
* Medical Clinic Coverage: Allows employers to offer free or discounted services at on-site or retail medical clinics without disqualifying an HDHP enrollee from contributing to an HSA so long as significant medical care benefits are not provided.
* HSA Catch-Up Contributions: Allow Spouses 55 and older to Make Catch-Up Contributions to the Same Health Savings Account (an extra
Along with significant changes to HSAs, legislation was also passed to eliminate the medical device tax. While debate has been ongoing in
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