High Deductible Health Plans (HDHP) and Health Savings Accounts (HSA) are growing more and more popular each year. Considering they have lower premiums and provide the ability to use pre-tax...
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*Updated March 29, 2021 If you’re planning your tax-sheltered income for 2021, the IRS did not increase the $2,750 limit you can contribute to a health Flexible Spending Account (FSA)....
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*Updated March 29, 2021 The Coronavirus Aid, Relief, and Economic Security (CARES) Act, passed on March 27, 2020, reversed a provision of the Affordable Care Act (ACA) that formerly required...
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The IRS has announced the 2020 contribution limits for flexible spending accounts (FSA) as well as limits for health savings accounts (HSA) for those with a qualifying high deductible health...
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The IRS has announced the 2019 contribution limits for health flexible spending accounts (FSA), as well as limits for health savings accounts (HSA) for those with a qualifying high deductible...
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The IRS has announced the 2018 contribution limits for health flexible spending accounts (FSA), as well as limits for health savings accounts (HSA) for those with a qualifying high deductible...
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Health Savings Accounts (HSAs) have been around since 2003 and yet relatively few people have one, perhaps because of misperceptions or lack of awareness. Most participants praise HSAs because of...
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For 2015, the annual HSA contribution limit for an individual with self-only coverage is $3,350. For those with family coverage, the 2015 contribution limit is $6,650. HSA policyholders age 55 and older can save an additional $1,000 to either the self-only or family coverage amounts, depending on their policy coverage. All HSA contributions are 100% tax deductible. Individuals must qualify…
It’s that time of year when, in the midst of the holiday rush, every dollar needs to be stretched as far as it possibly can. It’s with that mindset that our experts have outlined a few employee “must-haves” when it comes to saving tax dollars in 2015. After all, you work hard to bring home a paycheck – so don’t…
A recent survey conducted by Alegius Technologies, a provider of healthcare and benefit administration platforms, tested the consumer and employer gap of HSA (Health Savings Account) know-how. Their findings were...
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