health savings accounts

Negotiations Regarding Discontinued Funding for Health Insurance Subsidies

Posted November 1st, 2017 in Producers, Employers, Individuals
Keyboard with ACA Information
As you may have heard, the Trump administration discontinued funding for the cost-sharing reduction subsidies (CSR subsidies). Critics of this move believe it will create instability in the Exchange and individual marketplaces. Political efforts to restore the CSR subsidies are underway, but it appears Republican leadership has some demands as part of those restoration efforts.
Tags:
healthcare reform, ACA, Subsidy, individual mandate, Employer Mandate, health savings accounts, HSAs
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Stabilizing Individual Health Insurance

Posted August 30th, 2017 in Producers, Employers, Individuals
Stabilizing Individual Health Insurance
In September, Senators will return to Washington D.C. from their August recess. Almost immediately, they’ll begin taking up health care (again), but this time Democrats and Republicans will jointly consider changes. 
 
Tags:
healthcare reform, ACA, health savings accounts, HSAs, individual health plans
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IRS Releases 2018 HSA Limits

Posted May 9th, 2017 in Producers, Employers, Individuals
IRS Releases 2018 HSA Limits

The Internal Revenue Service (IRS) issued Revenue Procedure 2017-37 last week with information on the Health Savings Account (HSA) and qualified high-deductible health plan (HDHP) limits for 2018.

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

HSA contribution limits

Tags:
health savings accounts, contribution limit, HSA-qualifed plan, HSAs, IRS, Out-of-pocket expenses
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Two HSA Features Often Overlooked

Posted May 3rd, 2017 in Producers, Employers
Two HSA Features Often Overlooked
Health Savings Accounts (HSAs), in combination with a qualified high-deductible health plan (HDHP), are usually touted as a way to lower insurance premiums and pay for out-of-pocket medical expenses with tax-free dollars. 
 
Tags:
HSAs, health savings accounts, HSA-qualifed plan, High-deductible health plan
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3 Big Things Happened Last Week

Posted February 21st, 2017 in Producers, Employers, Uncategorized
3 Big Things Happened Last Week
Here are three big things that occurred with health care/ health insurance last week:
 
1. Proposed Rules to Stabilize Exchanges and the Individual Market
Tags:
Health care reform, healthcare reform, HSAs, health savings accounts, individual mandate
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2016 HSA Contribution Deadline

Posted January 4th, 2017 in Producers, Employers, Individuals
2016 HSA Contribution Deadline
The deadline to make HSA contributions for the 2016 tax year is April 18, 2017. The deadline would normally be April 15th, which is the usual deadline to file federal tax returns, but that day falls on a Saturday this year so the IRS has announced they will allow a few extra days to submit 2016 tax returns. 
 
Tags:
health savings accounts, HSA-qualifed plan, HSAs, federal tax, fee
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Telemedicine and HSAs

Posted June 7th, 2016 in Producers, Employers, Individuals
Telemedicine and HSAs
Telemedicine can generally be defined as a way to provide a broad range of health-related services by phone or through an online platform. Several employers and insurance carriers offer telemedicine services in conjunction with their health plan(s) as a way to provide a cheaper alternative of diagnosing and treating common illnesses, such as the cold or flu. 
 
Tags:
IRS, health savings accounts, HSA-qualifed plan, HSAs, Telemedicine, group health
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HSA or 401(k)?

Posted August 7th, 2015 in Producers, Employers, Individuals
HSA or 401(k)?
In a perfect world we would all save as much money as we could for retirement, but the reality is the average person has a limited amount they can save for the future. That being said, some Health Savings Account (HSA) advocates are saying employees should consider funding an HSA before a 401(k) or other retirement savings vehicle. Advocates stress that HSAs have one leg up on 401(k) plans because of a triple tax advantage feature.
 
  1. HSA contributions are tax deductible……just like 401(k) contributions.
Tags:
health savings accounts, HSAs, retirement, contribution limit, consumer driven
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Same-sex Marriage Recognized in Illinois

Posted June 13th, 2014 in Producers, Employers, Individuals
Marriage

On June 1, 2014, same-sex marriage became legal in the state of Illinois. As a result, we wanted to revisit marriage as a qualifying event for health insurance coverage and discuss how account-based health plans are impacted.

Tags:
health savings accounts, FSAs, individual health plans, benefits, Illinois
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Supercharged HSA Adoption: Now - 2019

Posted June 6th, 2014 in Employers, Producers
Supercharged HSA Adoption

A recent analysis predicts that 50 million Americans will be covered by Health Savings Account (HSA)-qualified health plans by Jan. 1, 2019 – up from approximately 11 million today. With the creation of private exchanges spurred on by the Affordable Care Act (ACA), these consumer-driven health plans have been revealed as a crowd favorite.

Tags:
healthcare reform, HSA-qualifed plan, HSAs, Consumer-driven health care, health savings accounts, private insurance exchange
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