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2020 HSA Limits Set to Moderately Rise
Health Savings Account Limits Set to Moderately Rise in 2020. The Internal Revenue Service (IRS) just released the Health Savings Account (HSA) limits to take effect on January 1, 2020. The changes are outlined in the table below compared to the 2019 HSA limits. [table id=15 /] Here is a link to the IRS ruling.…
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Ask the Benefits Expert: High Deductible Health Plans
What are high deductible health plans and what is their relationship to health savings accounts? High Deductible Health Plans (HDHPs) are health plans that have higher deductibles but offer lower premiums than traditional plans. HDHPs do not have what is referred to as “first dollar coverage”, or co-pays. Due to out of pocket obligation, a…
Tag: Health Savings Account
