Blog

High-deductible health plans can cover Coronavirus costs

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.

9 Reasons to Love Your HSA

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.

IRS Announces New 2020 Limits for FSA, HSA, HDHP, and Transportation Plans

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.

HSA Day recap

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!

IRS Adjusts HSA Limits for 2020

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.

Health Savings Account: System Maintenance

July 17th, 2019

Health Savings Accounts Investments Will be Unavailable Saturday, July 20th from 12Pm until 6pm (CT)

Who Can Benefit Most from an HSA?

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 […]

3 Surprising Expenses that can be Covered by your FSA Dollars

February 25th, 2019

Vaccinations As flu season is still among us, you’ll be happy to know that flu shots can be covered by your FSA. The Centers for Disease Control and Prevention recommends that anyone over the age of six months should get a flu shot each year. Cholesterol testing More than 102 million American adults (classified at […]

Eligible Expenses to Keep in Mind during Winter Months

February 18th, 2019

The winter months seem to run long. The cold, dry air, and spending a significant amount of time indoors can lead to rapid spread of cold and flu viruses. Fortunately, Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) cover common eligible expenses you may need during the winter season. The following list provides eligible […]

Health Savings Account (HSA) Statistics from the EBRI HSA Database

November 30th, 2018

The Employee Benefit Research Institute (EBRI) created the EBRI HSA Database to analyze behavior exhibited in health savings accounts (HSAs). The following information is taken from the Issue Brief, which is the fifth annual report representing data from the EBRI HSA Database. What is an HSA? A health savings account (HSA) is a tax-exempt account […]