As the U.S. faces an unprecedented healthcare crisis due to COVID, several temporary changes have been made to how health insurance plans function on behalf of the consumer. But with those changes coming to an end, what’s in store for the future of your health insurance?
The Coronavirus Aid, Relief and Economic Security Act and American Rescue Plan Act — trillion-dollar stimulus bills passed by President Trump and President Biden respectively — have allowed Americans far more flexibility in how much of their own money they can keep in their flexible spending accounts, health savings accounts and dependent care flexible spending accounts. But that flexibility came to an end on Dec. 31.
