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Health Savings Accounts (HSAs): What Consumers Should Know

Each year, you decide how much to contribute to your HSA. The money in the account is put toward the deductible. Once the deductible is met, the insurance kicks in to cover any … See more

Actived: 3 days ago

URL: https://www.aba.com/advocacy/community-programs/consumer-resources/manage-your-money/health-savings-accounts-hsas

Survey: One in Five Millennials Have HSAs ABA Banking Journal

WEBYounger Americans are embracing health savings accounts, with about one in five people in their 30s having an account, according to a new HSA market survey …

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Survey: More Americans using health savings accounts

WEBNearly 72 million Americans were covered by health savings accounts at the end of 2022, an increase of 6.5% from the year before, according to a new survey by …

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CPFB report claims health savings accounts have ‘hidden costs’

WEBThe “complex” fee structures for many health savings accounts may “obscure the true cost of the product” and, combined with low-interest yields, reduce the amount …

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Health Savings Accounts American Bankers Association

WEBHealth Savings Accounts: The industry revolution and Health Savings Accounts in Retirement. Craig Keohan, chief revenue officer of HealthSavings Administrators, based …

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Study: Number of HSA accounts continues to grow

WEBAt the end of 2022, there were $104 billion in HSA assets held among 35.5 million accounts, a year-over-year increase of 6% for assets and 9% for accounts. …

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HSA Council American Bankers Association

WEBThe Health Savings Account (HSA) Council is an organization of banks, insurers and technology leaders committed to increasing the adoption velocity of health savings …

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Bill reintroduced to allow HSAs to be used for direct primary care

WEBMarch 23, 2023. Reading Time: 2 mins read. U.S. Sens. Bill Cassidy (R-La.), Jeanne Shaheen (D-N.H.), Tim Scott (R-S.C.), and Mark Kelly (D-Ariz.) reintroduced a bipartisan …

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Report: Health savings accounts grew in 2023 ABA Banking Journal

WEBThere was roughly $123 billion saved in over 37 million health savings accounts at the end of 2023, a year-over-year increase of 19% for assets and 5% for …

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ABA HSA Council Statement: CFPB Report Misrepresents Health …

WEBWe are disappointed to see today’s report from the CFPB, which misrepresents the Health Savings Accounts industry and fails to capture the value millions of …

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HSA training keeps bank staff on the cutting edge

WEBHSA training keeps bank staff on the cutting edge. Health savings accounts are on the rise, with more than 35 million accounts opened as of 2022—a 6.5% increase …

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Report: Health savings account assets reached $116 billion in mid …

WEBHealth saving account assets experienced strong growth during the first half of 2023, reaching $116 billion in almost 36 million accounts by the end of June, a year …

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CCA Call for Entries 2024 American Bankers Association

WEBWASHINGTON — Today, the American Bankers Association Foundation announced it is now accepting submissions for its 12th annual Community Commitment …

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Report: Consumers Want Banks’ Help to Improve Financial Health

WEBAccording to a recent J.D. Power report that polled U.S. banking customers, 83% of respondents say that it is at least somewhat important that banks offer ways to …

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How Banks Help Medical Professionals Manage and Grow Their …

WEBUnder the Doctor Centric Bank umbrella, medical providers receive tailored business banking, lending and real estate financing solutions. One common need: …

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The Regulated World of Healthcare Lending and Restructuring

WEBThe healthcare industry is estimated to have experienced approximately $323.1 billion in financial losses in 2020, but for the $178 billion of Provider Relief Funds …

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FFIEC announces chairman, new member of state liaison committee

WEBThe Federal Financial Institutions Examination Council today announced the re-election of Charles Cooper as chairman of its State Liaison Committee. Cooper is the …

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Study: Majority of Americans Continue to Struggle with Finances

WEBStudy: Majority of Americans Continue to Struggle with Finances. Just 29% of Americans—approximately 73 million people—are financially healthy, according to the …

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IRS: Some wellness expenses not deductible under tax code

WEBThe IRS this week issued a reminder to taxpayers, businesses and heath spending plan administrators that personal expenses for general health and wellness …

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Mind the GAAP: Assessing bank health in the current environment

WEBMind the GAAP: Assessing bank health in the current environment. January 27, 2023. Reading Time: 4 mins read. By Alison Touhey. ABA Data Bank. T oday, a …

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CFPB claims ‘complex’ pricing drives up cost of financial products

WEBThe Consumer Financial Protection Bureau today published research alleging that when financial institutions attach “complex” pricing structures to products such as …

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Mortgage rates rise ABA Banking Journal

WEBThe rate for a 30-year fixed-rate mortgage averaged 7.22% this week, up from last week when it averaged 7.17%.A year ago, the 30-year rate was 6.39%. The …

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Housing agencies release new requirements to reduce appraisal …

WEBThe “complex” fee structures for many health savings accounts may “obscure the true cost of the product” and, combined with

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HUD warns against discrimination in AI-powered housing …

WEBThe Department of Housing and Urban Development today released new guidance warning that the use of artificial intelligence in tenant screenings and housing …

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FOMC sees ‘lack of further progress’ in reducing inflation

WEBThe Federal Open Market Committee announced today that it would maintain the target range for the federal funds rate at 5.25-5.5%. In its statement, the FOMC said …

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