Health Savings Accounts

IRS Expands Preventive Care Benefits That Are Not Subject to HDHP Deductibles

2019-07-22T12:15:24-04:00July 22nd, 2019|Employee Benefits, Employee Benefits Legislation, Health Savings Accounts, Legislative News|

A new IRS notice expands the list of preventive care benefits that may be covered by a high deductible health plan (HDHP) without a deductible, or with a deductible below the minimum deductible for an HDHP. Except for preventive care benefits, [...]

Health Savings Accounts (HSA) Contribution Limits for 2019 and Other HSA Rules

2018-12-27T13:15:18-05:00December 10th, 2018|Health Savings Accounts|

HSA Contribution Limits 2019 HSA contribution limits for 2019 will increase, according to the Internal Revenue Service. The maximum contribution will go up $50 to $3,500 for individuals and $100 to $7,000 for families. Maximum catch-up contributions for [...]

Advantages of Consumer Driven Health Plans and Health Savings Accounts

2017-07-06T12:00:00-04:00July 6th, 2017|Health Savings Accounts|

Consumer-Driven Health Plans (CDHP) with health savings accounts (HSAs) provide you with a vehicle to put away money, tax-free, for your health care. And it is always yours. What is a CDHP? CDHPs come in various forms, but most [...]

How Does a Health Savings Account (HSA) Work?

2017-06-15T12:00:00-04:00June 15th, 2017|Health Savings Accounts|

Consumer Driven Health Plans (CDHP) with Health Savings Accounts (HSAs) are health plans with a tax-favored savings account created for the purpose of paying medical expenses. An HSA works in conjunction with high deductible health insurance. Your HSA dollars [...]

IRS Sets 2016 Health Savings Account Contribution Limits

2015-05-20T12:00:00-04:00May 20th, 2015|Health Savings Accounts|

Last week, the IRS set the 2016 Health Savings Account contribution limits. While we don't usually associate the IRS with good news, they announced that they are raising the maximum allowable contribution to a family HSA account by $100 [...]