Posts by Further Team

How Telemedicine May Help Decrease Health Care Costs

using telemedicine can save time and money

As employees continue to explore their health care treatment options, and the expenses that correlate, telemedicine may provide a more convenient, cost-saving option compared to traditional office visits. What’s more, telemedicine removes some of the traditional barriers to health care, such as distance, mobility, and time constraints, which could hinder some employees from seeking information…

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11 Surprising Things You Can Buy With Your HSA

11 common HSA eligible expenses

When employees have a health savings account (HSA), they generally understand that visits to the doctor or dentist can be paid for through their HSA. But when it comes to other items or services, employees may be missing out on tax savings by not using their pre-tax HSA dollars toward purchasing qualified items. What services,…

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Tips for Navigating Life Changes with HSAs

Tips for navigating life changes with an HSA

Big life events such as marriage, the birth of a child, or retirement are often some of the most exciting times in life — but can also create challenges. Details like obtaining a marriage certificate or setting up a nursery are important, but it’s just as crucial to think about changes to health insurance to…

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The Value of an HSA

the value of an HSA is tied to the changing perception of an HSA

Brokers: Is it safe to say that, given the tremendous growth of high deductible health plans (HDHP) with health savings account (HSAs) over the years, many of your benefits manager clients have adopted these health care vehicles for their organizations? And benefits managers: Was implementing the HDHP with an HSA plan met with angst, resistance…

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Understanding the New June 2019 HRA Regulations

Learn about the new HRA regulations passed by the government

You’ve likely been following the conversation around the proposed regulations to broaden HRA rules that began in October 2018. The proposed regulation broadens health reimbursement account (HRA) rules to allow employers to offer an HRA that reimburses an employee’s individual insurance premiums or a standalone HRA that reimburses medical expenses of up to $1,800 a…

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What Medicare Means for HSAs

Couple enjoying retirement

Many of us look forward with anticipation to – or backward with fond memories of – life’s rites of passage: getting a driver’s license at 16, voting at 18, full legal benefits at 21. But, Medicare eligibility at 65? Perhaps not. However, as Americans remain in the workforce longer, many of your clients probably have…

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2020 HSA Contribution and HDHP Limits Announced

HSA contributions and HDHP deductibles increased for 2020

It’s that time of year again! On May 28, 2019, the IRS announced the following 2020 limits for health savings accounts (HSAs) and high deductible health plans (HDHPs). In 2020, individual HSA contribution limits will rise to $3,550; the family HSA contribution limit will rise to $7,100. The HDHP minimum deductible limit for individual coverage…

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