The One Big Beautiful Bill Act (OBBB) includes Changes to Employee Benefits

July 9, 2025 Introduction On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill Act (“OBBB”) into law. The almost 900-page bill is a sweeping tax and spending package that President Trump regards as a fulfillment of campaign promises. The OBBB includes several provisions that will impact employee benefit plans. The following summary reviews these employee benefit plan changes. Changes to Health Savings Accounts (HSAs) There are two notable changes for HSAs: -Permanent extension relief for first dollar telehealth benefits. Previously this coverage was provided as temporary relief in the COVID-19 pandemic and expired for plan years beginning… Read More