Compliance May 14, 2025

2026 HSA Limits Released

For 2026, the IRS defines an HDHP as a health plan with an annual deductible that is not less than $1,700 for self-only coverage or $3,400 for family coverage.

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The IRS has announced the inflation-adjusted 2026 calendar year contribution limits for health savings accounts and HSA-compatible high-deductible health plans.

Starting in 2026, the new HSA contribution limit will be $4,400 for an individual with self-only coverage under a high-deductible health plan—a $100 increase from this year. The limit for an individual with family coverage under an HDHP is $8,750—a $200 increase, according to the IRS announcement.

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HSAs are accounts that can be funded with pre-tax contributions. The funds, which can be invested, then can grow tax-free and can be withdrawn tax-free, as long as the funds are spent on qualified medical expenses. HSAs are therefore said to be “triple-tax advantaged.” In order to use an HSA, an employee must be enrolled in a HDHP.

For 2026, a HDHP is defined as a health plan with an annual deductible that is not less than $1,700 for self-only coverage or $3,400 for family coverage. Annual out-of-pocket expenses, such as deductibles and co-payments, cannot exceed $8,500 for self-only coverage or $17,000 for family coverage.

In addition, for plan years beginning in 2026, the maximum amount that may be made newly available for the plan year for an “excepted benefit health reimbursement arrangement” is $2,200. An HRA is an employer-funded account that reimburses employees for qualified medical expenses that consist of excepted benefits—those not included in a traditional health insurance plan, such as copays, deductibles, dental coverage and vision coverage.

According to recent research from Devenir, HSA balances rose 19% in 2024 from 2023 levels, reaching almost $147 billion.

Compliance May 13, 2025

In Letter, Lawmakers Ask SEC to Delist Chinese Stocks From US Exchanges

The May 2 letter to the SEC followed recent concerns expressed by lawmakers over U.S. investments in China, including two bills introduced this year.

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Lawmakers from both parties sent a joint letter to Securities and Exchange Commission Chair Paul Atkins, calling on the commission to delist companies allegedly linked to the Chinese Communist Party, citing U.S. market and investor security.

The May 2 letter followed recent concerns expressed by lawmakers over U.S. investments in China, including two bills introduced this year.

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In the latest effort, the bipartisan group of 10 members of Congress, including Senator Rick Scott, R-Florida, chairman of the U.S. Senate Special Committee on Aging, and Congressman John Moolenaar, R-Michigan, chairman of the U.S. House Select Committee on Strategic Competition between the U.S. and the Chinese Communist Party, said that companies with ties to the Chinese Communist Party “pose an unacceptable risk to American investors” and that by removing them from U.S. exchanges, the SEC would “protect U.S. markets, investors, and national security.”

The letter listed several examples of Chinese companies it asked to be blocked from U.S. stock exchanges, including technology companies Alibaba, Baidu and Tencent, digital finance firm Qifu Technology and e-commerce company JD.com.

As of March 7, 286 Chinese companies were listed on U.S. exchanges, with a total market capitalization of $1.1 trillion, according to the U.S.-China Economic and Security Review Commission.

According to the congressional letter, allowing the investments to list makes the U.S. a financing vehicle for its most powerful adversary and threatens national security.

Since January, several bills have been introduced in efforts to curtail Chinese investments in the U.S. In March, Senator Jim Banks, R-Indiana, introduced legislation that would ban 401(k) funds from investing in China.

A separate March bill, introduced by Representative Andy Barr, R-Kentucky—the Foreign Investment Guardrails to Help Thwart China Act—would “protect the national security of the United States by imposing sanctions with respect to certain persons of the People’s Republic of China and prohibiting and requiring notifications with respect to certain investments by United States persons in the People’s Republic of China, and for other purposes.”

In April, another bill, introduced by Senator Bernie Moreno, R-Ohio, would require the inter-agency Committee on Foreign Investment in the United States to review “greenfield and brownfield investments by foreign countries of concern.” Though the bill did not specifically name China, a press release announcing the legislation made clear the new authority would curtail investments in the U.S. made by companies based in China.

Meanwhile, in January, the U.S. imposed new restrictions on outbound following an executive order from former President Joe Biden. The restrictions apply to investments in artificial intelligence, semiconductors and quantum computing.

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