Self-Only HSA Contribution Limit Increased for 2017
By Gwen Cofield The 2017 contribution limits for health savings accounts (HSAs), recently announced by the Internal revenue Service (IRS), include a slight adjustment for self-only coverage.
Tag: HSA
HSAs and HRAs: Which Are Faring Better in the Health Plan Market?
Which is faring better in today’s health insurance market—health reimbursement arrangements or health savings accounts? To find out, United Benefits Advisors (UBA) surveyed more than 10,000 employers representing more than 5 million total lives for its special report, 2015 Health Plan Survey, “HSAs and HRAs: How They’re Doing. UBA broke out the survey data on how employers […]
Health Spending Accounts Are Underutilized by Millennial Employees
Millennial employees—18 to 34 years old—selected high deductible healthcare plans more than any other age group. However, while approximately 44% of employees in this group chose HDHPs, a much smaller number of these employees took full advantage of health savings accounts (HSAs), according to Benefitfocus inaugural “State of Employee Benefits 2016” report.
Ask the Expert: Taxation of Domestic Partner Health Benefits
If domestic partners are unmarried opposite sex but declared as a dependent on IRS tax return, is the cost of the health benefit considered taxable income to the employee? Can domestic partners use a joint HSA account?
Ask the Expert: I Need Help with the Rules for FSA and HSA Eligibility!
Can an employee open up a Health Savings Account (HSA) if their spouse has a general purpose Flexible Spending Account (FSA)? If not, can they open up the HSA account once their spouse’s FSA is exhausted and closed? And once they do this, how does the employer who is contributing to the HSA abide by […]
VBBD: Case Study Shows Real Savings
Today, compensation consultant Carla McCormick offers a case study that shows the value of Value-Based Benefits Design (VBBD).
Health Insurance 2013—What’s Really Happening?
Participate in this brief survey and see how your health benefits stack up against those of other successful companies. The survey takes only a few minutes to complete. Complete the Survey Now To show our appreciation we’ll send a PDF of the survey results to all participants. (Be sure to include your contact information where […]
New Health Savings Account Limits for 2009
Based on the cost of living, the IRS has increased for 2009 the maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits for high-deductible health plans (HDHPs) that must be used in conjunction with HSAs. For 2009, the maximum annual HSA contribution for individuals is $3,000 and $5,950 for families. Catch-up contributions […]
Health Insurance: New Health Savings Accounts–What They Are And How They May Impact Benefits Plan Choices
When the sweeping new Medicare law was recently signed into law, bundled within it was an unrelated but key provision for employers—the creation of tax-free Health Savings Accounts (HSAs). We’ll explain what HSAs are, who’s eligible, and what they could mean for you and your employees. We’ll also highlight a few potential downsides you should […]