Tag: HSAs

IRS Addresses Another HSA-Medicare Issue

A few months ago, the Internal Revenue Service (IRS) clarified in Information Letter 2016-0082 how Medicare enrollment and health savings account (HSA) eligibility sometimes collide when an employee retires shortly after turning the age of 65. More recently, the IRS provided guidance on another overlap between Medicare and HSAs—a rehire after Medicare enrollment.

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FSA

IRS Confirms Health FSAs Cannot Reimburse Medicare and Insurance Premiums

One key difference between health savings accounts (HSAs) and health flexible spending accounts (FSAs) is that in some circumstances HSAs can reimburse Medicare and other insurance premiums; health FSAs cannot. Recent guidance from the Internal Revenue Service (IRS) in Information Letter 2017-0004 confirmed this fact.

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HSA or HRA: Key Differences, Benefits, And Employer Trends

United Benefit Advisors (UBA) says that more than one-third (35.1%) of all health plans offered employees a way to help pay their out-of-pocket expenses in 2016, through either a Health Savings Account (HSA) or a Health Reimbursement Arrangement (HRA). Employers and employees reap benefits from both kinds of plans, but in different ways. Understanding key differences can help you make the right decision for your company.

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HSA

IRS Raises HSA, HDHP Dollar Limits for 2018

The annual contribution limits for health savings accounts (HSAs) are going up in 2018, the Internal Revenue Service (IRS) announced May 4. The minimum deductibles and maximum out-of-pocket limits for an HSA-eligible high-deductible health plan (HDHP) also will be increased for inflation, according to Revenue Procedure 2017-37.

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CDHP 101

What is a Consumer Directed Health Plan (CDHP)? And how does a CDHP impact employers?

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EBRI Examines HSAs’ Effect On Healthcare Choices

The high-deductible health plans (HDHPs)associated with health savings accounts (HSAs) may be leading lower-income employees to avoid certain healthcare services, the Employee Benefit Research Institute (EBRI) warned.

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Health Savings Accounts Continue to Grow in Popularity

By David Slaughter, JD, Senior Legal Editor Data collected from Devenir Group, by surveying top health savings account (HSA) providers, reflects both a consistent trend toward account growth and a “savings mindset” taking root among healthcare consumers. The new study shows the popularity of HSAs and their continued to grow, with the number of accounts […]

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What Makes Sense for Your Health Care?

With so much discussion surrounding health care of late, it’s important to know what current options are available to ensure that you as an employer are selecting the best coverage for your business and its employees. With more and more frequency, employers are leaning toward a Consumer-Driven Healthcare Plan (CDHP)—a plan in which employee/consumer behavior […]

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