Archive for HSA’ Category

PCORI Fee Increase for Health Plans | Houston Benefits Consultants
Nov

7

2018

PCORI Fee Increase for Health Plans | Houston Benefits Consultants

On November 5, 2018, the Internal Revenue Service (IRS) released Notice 2018-85 to announce that the health plan Patient-Centered Outcomes Research Institute (PCORI) fee for plan years ending between October 1, 2018 and September 30, 2019 will be $2.45 per plan participant. This is an increase from the prior year’s fee of $2.39 due to an inflation adjustment. Background The Affordable Care Act created the…

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Oct

31

2018

Choosing the Right Flexible Benefit for Employees | TX Benefits Agency

Trying to decide which of the many employer-sponsored benefits out there to offer employees can leave an employer feeling lost in a confusing bowl of alphabet soup—HSA? FSA? DCAP? HRA? What does it mean if a benefit is “limited” or “post-deductible”? Which one is use-it-or-lose-it? Which one has a rollover? What are the limits on each benefit?—and so on. While there are many details to…

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Health Plan PCORI Fees Are Due July 31 | Houston Benefit Advisors
May

29

2018

Health Plan PCORI Fees Are Due July 31 | Houston Benefit Advisors

Do you offer coverage to your employees through a self-insured group health plan? Do you sponsor a Health Reimbursement Arrangement (HRA)? If so, do you know whether your plan or HRA is subject to the annual Patient-Centered Research Outcomes Institute (PCORI) fee? This article answers frequently-asked questions about the PCORI fee, which plans are affected, and what you need to do as the employer sponsor….

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IRS Changes Course (Again) and Restores 2018 HSA Family Limit to $6,900 | Texas Benefit Advisors
May

1

2018

IRS Changes Course (Again) and Restores 2018 HSA Family Limit to $6,900 | Texas Benefit Advisors

Friday, April 27, the Internal Revenue Service (IRS) announced that the 2018 annual contribution limit to Health Savings Accounts (HSAs) for persons with family coverage under a qualifying High Deductible Health Plan (HDHP) is restored to $6,900. The single-coverage limit of $3,450 is not affected. This is the final word on what has been an unusual back-and-forth saga. The 2018 family limit of $6,900 had…

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All About Medical Savings Accounts | TX Benefit Advisors
Mar

13

2018

All About Medical Savings Accounts | TX Benefit Advisors

Taking control of health care expenses is on the top of most people’s to-do list for 2018.  The average premium increase for 2018 is 18% for Affordable Care Act (ACA) plans.  So, how do you save money on health care when the costs seems to keep increasing faster than wage increases?  One way is through health savings accounts. Health savings accounts are used in conjunction…

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How to Make the Most Out of Your FSA at Year-End | Houston Benefit Advisors
Nov

13

2017

How to Make the Most Out of Your FSA at Year-End | Houston Benefit Advisors

As 2017 comes to a close, it’s time to act on the money sitting in your Flexible Spending/Savings Account (FSA). Unlike a Health Savings Account or HSA, pre-taxed funds contributed to an FSA are lost at the end of the year if an employee doesn’t use them, and an employer doesn’t adopt a carryover policy.  It’s to your advantage to review the various ways you…

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Aug

7

2017

Government and Education Employers Offer Richest HSA Plans | Houston Benefit Advisors

Across most industries, HSA contributions are, for the most part, down or unchanged from three years ago, according to UBA’s Health Plan Survey. The average employer contribution to an HSA is $474 for a single employee (down 3.5 percent from 2015 and 17.6 percent from five years ago) and $801 for a family (down 9.2 percent from last year and 13.7 percent from five years…

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Jun

16

2017

Small Employers Lead the Way in Funding HSAs | Houston Benefit Advisors

The average employer contribution to an HSA is $474 for a single employee (down 3.5 percent from 2015 and 17.6 percent from five years ago) and $801 for a family (down 9.2 percent from last year and 13.7 percent from five years ago). There was a 26 percent increase in the number of individuals enrolled in HSAs, likely due to the increase in CDHP enrollment…

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Jun

9

2017

2018 Amounts for HSAs; Retroactive Medicare Coverage Effect on Contributions | Houston Benefit Advisors

IRS Releases 2018 Amounts for HSAs The IRS released Revenue Procedure 2017-37 that sets the dollar limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs) for 2018. For calendar year 2018, the annual contribution limit for an individual with self-only coverage under an HDHP is $3,450, and the annual contribution limit for an individual with family coverage under an HDHP is $6,900. How…

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