June 19th, 2020
In the past couple of weeks, there has been additional guidance and relief due to COVID-19 that impacts both pre-tax plans and COBRA.
June 1st, 2020
Health Saving Accounts (HSA) limits for the 2021 calendar year were recently announced. Here is a summary of updated limits: SELF-ONLY ENROLLMENT IN A HIGH DEDUCTIBLE HEALTH PLAN (HDHP) 2021 HSA LIMITS The maximum annual contribution is $3,600, up from $3,550 in 2020. The minimum deductible for the HDHP to be HSA-qualified is $1,400, […]
April 10th, 2020
In these uncertain times, we are finding that participants are using their pre-tax benefits as a way to optimize savings and maximize allowable expenses. This situation is difficult to navigate, so we have brief updates below to keep you informed. Read on for information on regulatory changes, COVID-19 updates, and other considerations. Please note: We’re monitoring […]
March 12th, 2020
The IRS advised yesterday that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status.
February 14th, 2020
Now, more than ever, healthcare dollars need to go further. With a Health Savings Account (HSA), you’ll keep more of the money you’ve earned. Let’s look at some of the many HSA benefits you’ll love so you can feel great when it comes to taking care of your healthcare, too.
November 15th, 2019
The IRS released on November 6, 2019, Revenue Procedure 2019-44 with cost-of-living adjustments for tax-related amounts indexed for inflation. The IRS also announced the health savings account (HSA) and high deductible health plan (HDHP) annual deductible and out-of-pocket expense adjustments earlier this year in Revenue Procedure 2019-25.
October 18th, 2019
Missed joining us for the National HSA Awareness Day broadcast on October 15? Watch a replay of the broadcast and learn more about HSAs here!
August 30th, 2019
The IRS released new inflation adjusted Health Savings Account maximums for individual and family coverage high deductible plans for calendar year 2020.
July 17th, 2019
Health Savings Accounts Investments Will be Unavailable Saturday, July 20th from 12Pm until 6pm (CT)
March 14th, 2019
The basics Health savings accounts, also referred to as HSAs, have drastically risen in popularity over the past few years. In order to open an HSA, you must be enrolled in a qualified High Deductible Health Plan (HDHP). A higher deductible means lower monthly premiums for you, and subsequently huge savings. An HSA under a […]