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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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Internal Revenue Service released the 2018 annual contribution limits
2018 Annual Contribution Limits. The Internal Revenue Service released the 2018 annual contribution limits related to Flexible Spending Accounts (FSA), Health Savings Accounts (HSA) and all Qualified Retirement Plans. Please see below for the changes to current limits in place and consider sending to your employees asking them to take action if they would like…
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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…
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The IRS Releases 2017 Annual Benefit Limits
The Internal Revenue Service (IRS) released the 2017 annual contribution limits related to Flexible Spending Accounts (FSA), Health Savings Accounts (HSA) and all Qualified Retirement Plans. Please see below for the small changes to current limits in place. The announcements from the IRS are as follows: Rev. Proc. 2016-55 Rev. Proc. 2016-28 Notice 2016-62 As…
Tag: HSA
