Health savings account

Posted March 12th, 2019 in Employers, Producers, Individuals

Health Savings Accounts (HSAs) have seen tremendous growth in the past decade and are quickly becoming one of the most popular employee benefits. These accounts allow individuals who are enrolled in a Qualified High Deductible Health Plan to use tax-free dollars to pay for out-of-pocket healthcare expenses for themselves and their families.

Posted May 22nd, 2018 in Employers, Producers, Individuals

On May 10th, the Internal Revenue Service (IRS) published Revenue Procedure 2018-30 which includes inflation adjustments to qualified high deductible health plans (HDHPs) and Health Savings Account (HSA) contribution limits.

Posted May 8th, 2015 in Producers, Employers, Individuals
On May 4, 2015, the Internal Revenue Service (IRS) has released Revenue Procedure 2015-30 which details the inflation-adjusted amounts that impact qualified high deductible health plans and Health Savings Accounts (HSAs) for the 2016 calendar year, as outlined below:
 

These limits are updated annually and reflect cost-of-living adjustments.

Posted January 30th, 2015 in Producers
Flexible Benefit Service Corporation (Flex) promotes tax-advantaged benefits with pride. As the industry shifts more responsibilities to the individual, a constant driver of ours has been to focus on cost-effective health care solutions. In fact, this is not a new thing for us. Flex pioneered this approach with the initial launch of Medical Savings Accounts (MSAs) in 1997 and continued with Health Savings Accounts (HSAs) in 2004.
 
Posted May 2nd, 2014 in Producers, Employers, Individuals

How do the annual maximum Health Savings Account (HSA) contribution limits apply to an eligible individual with family High-Deductible Health Plan (HDHP) coverage for the entire year if the family HDHP covers spouses or dependent children who also have coverage by a non-HDHP (e.g. Medicare, Medicaid, HMO)?

Posted April 25th, 2014 in Producers, Employers, Individuals

On April 23, 2014, the following limits were released by the Internal Revenue Service (IRS) under Revenue Procedure 2014-30 for Health Savings Accounts (HSAs) in 2015.

These limits are updated annually and reflect cost-of-living adjustments.

HSA contribution limits

$3,350 for individual coverage (increased $50 from 2014)

$6,650 for family coverage (increased $100 from 2014)

Posted April 4th, 2014 in Producers, Employers, Individuals

The Internal Revenue Service (IRS) recently issued long awaited guidance that details how someone can be Health Savings Account (HSA)-eligible the following plan year if they have access to funds that rollover from a Healthcare Flexible Spending Account (FSA) from the previous plan year. 

Posted March 21st, 2014 in Producers, Employers, Individuals

Let José walk you through what a Health Savings Account (HSA) is.

This high-level overview shows some things that HSA money can be used for along with maximum contributions for 2014.

Click through the slides below for the details and feel free to share with a friend.

Posted November 13th, 2012 in Individuals

More and more, employers are starting to offer high-deductible health plans (HDHPs) in their benefits program. Correspondingly, the rate of employees enrolled in a HDHP has grown year-over-year. Even though this isn’t the standard health plan option you might be used to, here are four reasons to be thankful for your HDHP this enrollment season:

  1. Covers 100% - Just like a traditional health plan, basic preventive services such as vaccinations and wellness exams are covered at 100%! You can stay proactive with your health care and save money.

Benefits Buzz

Enter Your Email

Tag Cloud

Archives