• 2020 Health Savings Account and Compliant Health Plan Limits

    August 14, 2019 | Blog/HR News

    The IRS has announced the annual Health Savings Account (HSA) contribution limits and High Deductible Health Plan (HDHP) minimum deductible and maximum out-of-pocket limits that will apply in 2020. Individual contributions are increasing from $3,500 to $3,550. Maximum contributions for family plans are increasing from $7,000 to $7,100. High deductible plans in 2020 will be those that have an End excerpt

    Read more

  • IRS Sets New 2019 Limits for Group Plans and HDHP/HSA Plans

    July 11, 2018 | Blog

    The Internal Revenue Service (IRS) has recently released the 2019 cost-of-living adjusted limits for group plans, high deductible health plans (HDHPs), and health savings accounts (HSAs). Below are the details: HSA Contribution Limits. The 2019 annual HSA contribution limit is $3,500 for individuals with self-only HDHP coverage (a $50 increase from 2018), and $7,000 for End excerpt

    Read more

  • Maryland Male Sterilization Law – H.S.A. Issue Resolved

    May 16, 2018 | Blog

    Earlier this year, there were major concerns that the new Maryland Contraceptive Equity Act that went into effect on January 1, 2018 mandated that insurers would cover vasectomies at no cost to their members and that this would jeopardize the ability of members to use their health savings accounts (HSAs). The rationale was that IRS End excerpt

    Read more

  • 2019 Rules Announced for High-Deductible Health Plans and Health Savings Accounts

    May 15, 2018 | Blog

    On May 11, 2018, the Internal Revenue Service released updates to the deductible and out-of-pocket maximum requirements applicable to calendar year 2019 for a plan to qualify as a high-deductible health plan (HDHP). As participants in qualified HDHPs are permitted to make contributions to Health Savings Accounts (HSA), updates to HSA limits have also been End excerpt

    Read more