This article was published on November 6, 2018 on Employee Benefit News, written by Kathryn Mayer. HSA: A savings account without the saving? By and large, employees who are enrolled in a health savings account are using them as spending accounts rather than as tax-free long-term savings accounts, according to new research from Willis Towers [...]
This article was published on July 26, 2018 on BenefitsPro, written by Greg Land. Photo Source: BenefitsPro. On Wednesday, the House of Representatives adopted two health care bills, H.R. 6199 and H.R. 6311, that expand tax-advantaged health care accounts, including Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs). Previous versions [...]
Yesterday, the House passed two bills that would expand HSA coverage: The Restoring Access to Medication and Modernizing Health Savings Accounts Act of 2018 (HR 6199) This Act would: Allow plans flexibility in providing first dollar coverage up to $250 for a single and $500 for a family for additional services, such as those related [...]
The Internal Revenue Service released its 2019 Health Savings Account Inflation Adjustment Limits. A comparison of the 2018 and 2019 limits are listed below. The ACA maximum out-of-pocket limits have also been adjusted. The ACA uses a different adjustment calculation than the IRS when setting HSA limits year over year.
The new year is a good time to look at the benefits larger companies are using to attract and retain good people. According to their 2017 Employee Benefits report, the Society for Human Resource Management tells us that HSAs, wholesale generic drug programs for injectable drugs, standing desks and genetic testing for chronic diseases are [...]
We often hear of professional athletes succeeding under pressure by staying “in the moment” and remaining focused on the things that are within their control. This challenge can be applied to the uncomfortable position all of us find ourselves in today – somewhere between complying with existing laws and anticipating the unknowns coming from Washington. [...]
Health savings accounts are hot, with nearly two-thirds of respondents to a Plan Sponsor Council of America survey saying they believe that even those without a high deductible health plan should qualify. A benefit often cited by employers and employees alike is that HSAs can be a valuable part of one’s retirement strategy, since healthcare [...]
The article below was published on September 13, 2017 by Employee Benefit News, written by Robert Lawton. With healthcare open enrollment season quickly approaching, 401(k) plan sponsors may want to spend some time educating participants on the use of health savings accounts. If you offer a high-deductible health plan to your employees, they probably have [...]
The article below was published on August 4, 2017 by Employee Benefit News, written by Eric Brewer. High-deductible health plans with health savings accounts are becoming more popular as benefits consumerism increases throughout the country. Enrolling your employees in HDHPs is one way to educate them on the true cost of healthcare. And if they [...]
The State of Benefits report from BenefitFocus shows that workers under the age of 26 are investing 20% more of their salary in HSAs than other generations. This is certainly due to the fact that nearly half have elected to enroll in high deductible health plans in 2017. While PPO plans remain very popular, especially [...]
