Sep
8
2020Tips to Maximize your HSA Benefits | TX Employee Benefits Advisors
Health Savings Accounts (HSA) are great ways to save tax-free money for medical expenses both in the current term, and for your retirement years. By making wise choices, you can maximize the benefit of these fantastic savings accounts. Let’s take a quick look at the basics and then explore some tips on how to make your HSA money grow. What is an HSA? According to…
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Jun
4
2019IRS Announces HSA Limits for 2020 | Houston Benefit Advisory Firm
On May 28, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-25 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2020. An HSA is a tax-exempt savings account that employees can use to pay for qualified health expenses. To be eligible for an HSA, an employee: Must be covered by a qualified high deductible health plan (HDHP); Must not…
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Aug
7
2017Government 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
2017Small 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
20172018 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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Dec
14
2016The New HSA Under Trump’s Proposed Health Plan
With the election of a new President, health care plans and the fate of the Affordable Care Act are a hot topic of discussion. As part of his 7-tier health plan, President-Elect Donald Trump has proposed a shift in the way health savings accounts (HSAs) are offered to working Americans. Simply put, an HSA is a savings account for medical expenses. They are tax advantaged…
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May
6
2013IRS Issues 2014 HSA Limits
IRS has issued the 2014 limits for health savings accounts.
Mar
21
2013Medical savings accounts on the upswing
Study reveals the increase in HSAs and HRAs combined with CDHPs
Mar
11
2013CDHP’s – Not Yet Cost Savers Nationally
Read why CDHP’s are falling and how they could perform better.
Mar
8
2013High-Deductibles Drive Health Plan Costs and Consumer Behavior
How PPO’s Still Dominate Market and Cost Employers Less than CDHPs on Average