HSA-qualifed plan

2022 HDHP & HSA Limits Announced

Posted May 12th, 2021 in Employers, Producers, Individuals
Scrabble tiles spelling out HSA

On May 10, 2021, the Internal Revenue Service (IRS) published Rev. Proc. 2021-25 which includes the 2022 limits for qualified high deductible health plans (HDHPs) and Health Savings Accounts (HSAs). Below is a summary of these limits:

Minimum Deductible to Qualify as an HDHP

• Single-only HDHP coverage = $1,400

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HSA Contributions, HDHP, HSA-qualifed plan, HSAs
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New HDHP Enhancements

Posted July 25th, 2019 in Employers, Producers, Individuals
Close up of a man's hands signing a document

President Donald Trump issued an executive order last month aiming to improve price and quality transparency in the healthcare industry.

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High-deductible health plan, HDHP, final regulations, HSA-qualifed plan
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End of Year Tips & Reminders for HSAs

Posted December 31st, 2018 in Producers, Employers, Individuals
2018 to 2019

Health Savings Accounts (HSAs) allow eligible individuals to put money aside tax-free to pay for out-of-pocket medical expenses, but HSAs work differently than other tax-advantaged accounts. Here are 10 helpful tips and reminders as the year comes to an end. 

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HSAs, HSA-qualifed plan, HDHP, High-deductible health plan, health savings accounts
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Flex Now Provides Seamless HSA User Experience from HCSC Member Portals

Posted January 9th, 2018 in Producers, Employers
Flex and BCBS Logos Linked
Participating members of Blue Cross Blue Shield plans in IL, MT, NM, OK & TX now get direct access to their HSA from Flex
 
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Blue Cross Blue Shield, health savings accounts, HSAs, HSA-qualifed plan, HDHP
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HSAs: An Example of When Federal and State Rules Collide

Posted December 19th, 2017 in Producers, Employers, Individuals
Wrecking balls colliding
The state of Maryland passed a law known as the Contraceptive Equity Act which is scheduled to take effect on January 1, 2018. The law requires fully insured health plans issued in the state of Maryland to cover male sterilization procedures (i.e. vasectomies) as preventive care without any copay, deductible or other cost-sharing requirements for the member. 
 
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health savings accounts, HSAs, HSA-qualifed plan, IRS
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Top Employer Benefits of an HSA

Posted December 6th, 2017 in Producers, Employers
The Health Savings Account (HSA) market has grown rapidly in the past decade. More than 21 million people currently have an HSA and there’s still plenty of opportunity for growth. In fact, a recent report projects 30 million HSAs by the end of 2019.
 
Here are the top employer benefits of an HSA:
 
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    health savings accounts, HSA-qualifed plan, HSAs, Employee Benefits
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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. 
     
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    HSAs, health savings accounts, HSA-qualifed plan, High-deductible health plan
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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. 
     
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    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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