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Health Savings Accounts: What You Need to Know About IRS Rules for 2024

Austin, Texas – Health savings accounts (HSAs) offer a practical way to finance healthcare expenses while also planning for the future, all while maximizing tax deductions. However, not all health insurance plans permit the use of an HSA. In certain cases, high-deductible health insurance plans available on HealthCare.gov may fall short of the criteria required to open an HSA due to excessively high out-of-pocket cost limits. To qualify for an HSA, individuals must adhere to …

Health Care Costs in Retirement: 3 Steps to Ease Financial Stress in Later Years

Boston, MA – Concerns about health care costs in retirement continue to weigh heavily on the minds of older Americans. A recent survey conducted by Nationwide revealed that a significant majority of seniors are worried about various expenses related to their health care needs. The fear of unexpected medical conditions, long-term care, and potential cuts to services like Medicare and Medicaid are among the top concerns expressed by respondents. Recent research from RetireGuide further amplified …

Health Care Policy Expert Discusses State Ballot Initiatives and Private Equity in US System

Philadelphia, PA – Allison K. Hoffman, Deputy Dean and law professor at the University of Pennsylvania Carey Law School, recently shared her expertise on the complexities within the U.S. health care system. Hoffman highlighted the significance of federal intervention in expanding access to care, particularly focusing on the need for improved funding for long-term care services both in nursing facilities and at home. She also pointed out the limitations of state ballot initiatives in addressing …

Nevada’s Unconstitutional Health Insurance System Raises Concerns for Taxpayers and Health Care Access

Carson City, Nevada – Concerns over the affordability of healthcare during a major health event are looming over Nevadans. The state’s proposed taxpayer-backed “public option” health insurance system has sparked a debate on its effectiveness and legality. Critics argue that the “public option” will lead to decreased patient access to healthcare and expose taxpayers to unnecessary risks. Nevada legislators rushed through the approval of Senate Bill 420 in 2021, despite warnings from healthcare professionals about …

Charges Filed in Murder of Prominent Health Care CEO

New York, NY — A high-profile murder case has gripped New York City after a distinguished health care executive was found murdered last week. Authorities have now charged a suspect, to whom little is publicly known, with the crime. The killing of the executive, whose innovative leadership in the healthcare sector brought critical acclaim, has sent shockwaves through the community and sparked a broader discussion on safety standards for corporate leaders amid increasing security concerns. …

Cyberattack Fallout: Federal Emergency Funding Offered to Outpatient Health Care Providers

Washington, D.C. – Federal health officials announced on Saturday that they are taking action to provide emergency funding to various healthcare providers impacted by a recent cyberattack. The attack targeted the nation’s largest processor of medical claims, leaving organizations struggling financially. The Centers for Medicare and Medicaid Services revealed plans to offer advance payments to suppliers billing through Medicare Part B, aiming to support a wide range of healthcare organizations affected by the attack. This …

Vancouver Mayor Calls for Immediate Action on Mental Health and Bail Reform Following Downtown Stabbing

Vancouver, Canada — In the wake of a brutal stabbing in downtown Vancouver that left two hospitalized, one with serious stab wounds, local leaders are voicing the urgent need for reform in mental health care and the bail system. The incident, which occurred outside a 7-Eleven store on the bustling intersection of Robson and Cambie streets, ended when the alleged assailant was fatally shot by police. This recent violence has intensified the ongoing debate surrounding …

Elusive Gunman Abandons Backpack in Central Park After Assassinating Health Insurance CEO in NYC

New York, NY — The unsettling murder of Brian Thompson, the CEO of the United States’ largest health insurer, continues to hold the attention of the nation as investigators race against time to identify and locate the suspect. The CEO of UnitedHealthcare was fatally shot in New York City, just days after arriving for a significant annual conference, a stark event that prompted heightened security across corporate America. Chief of Detectives Joseph Kenny, addressing reporters, …

Cyberattack Fix: Health Providers Slam United’s Response

Pittsburgh, Pennsylvania – Health providers are expressing frustration as they await weeks for a fix to a cyberattack that has disrupted operations at UnitedHealth. The company, Change Healthcare, is working tirelessly to restore its systems, with a target date set for mid-March. This comes after hackers behind the ransomware attack received a hefty $22 million payment, raising concerns about the security of sensitive medical information. UnitedHealth, a major player in the healthcare industry, has been …

Undocumented Health Insurance: Maryland Senate Passes Bill for Illegal Migrants to Access Healthcare

Annapolis, Maryland – Illegal immigrants in Maryland may soon be able to purchase health insurance under a new bill that recently passed in the state’s House and Senate. The “Access to Care Act” was approved by the Maryland Senate on a party line vote of 34-13. This follows the Maryland House passing a similar version of the legislation with a vote of 101-34 in late February. The legislation will need approval from both chambers before …