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2021 HSA contribution limits announced

IRS Announces 2021 HSA and HDHP Limit Increases

May 22, 2020

For 2021, the IRS just announced the increased new contribution limits for Health Savings Accounts (HSA) to $3,600 for individuals and $7,200 for family plans. In turn, adjustments to High Deductible Health Plans (HDHP) were also made. The minimum HDHP…

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see what's coming around the bend for health plans in 2020

Changes to 2020 Health Care That Employees Might Not Know About

December 19, 2019

With the new benefits year around the corner, employees are likely making plans around their health care including Health Savings Account (HSA) and Flexible Spending Account (FSA) contributions, contemplating providers that they may need to visit and planning for the…

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explaining benefits to employees is important

How Brokers Can Help Young Adults Maximize Their Healthcare Benefits

December 5, 2019

As young adults head to college or enter the workforce with their first job, they’re gaining independence, finding their way in life and realizing that, with adulthood, comes a whole new world that they may not have worried about before.…

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Can consumers shop for health care

Can Consumers Truly Shop for Health Care?

December 3, 2019

The consumer-driven health care concept isn’t new. It’s been around for over a decade when a handful of businesses started offering their employees health plans with low premiums, high-deductibles and tax-exempt savings accounts. There has been steady adoption of this…

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Take advantage of the HSA triple tax benefit

What is the HSA Triple Tax Benefit?

November 21, 2019

Triple tax benefit. Employees have likely heard it before. However, when it comes to health savings accounts (HSAs), do employees really understand what these three words mean to them? The unique benefits of an HSAs triple tax advantage can seem…

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when your child turns 18 what do you do with HSAs?

Using an HSA with Kids Over 18 Years Old

November 11, 2019

When a child turns 18, there are a lot of changes that begin to take place. He or she may be heading off to college soon or starting their first job. When it comes to health insurance, it is easy…

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the federal government increased FSA limits for 2020

FSA Contribution Limits Increase for 2020

November 7, 2019

For 2020, the IRS increased the new 2020 Flexible Spending Account (FSA) limit to $2,750. For groups that have already set their contribution limits to the 2019 amount of $2,700, Further will automatically update the amount to the 2020 limit…

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Avoid mistakes with your benefits

Year-End Benefits Snafus and How to Avoid Them

October 30, 2019

As the end of the year nears, employees may have Flexible Spending Account (FSA) dollars that need to be spent. They may need to schedule last-minute appointments to fit in before the new year or begin planning their new year…

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Simplify how you talk about medical issues for better understanding

The Power of Language – Transforming the Health Care Industry for Consumers

October 7, 2019

Have you ever experienced sphenopalatine ganglioneuralgia? Or diaphragmatic flutter? What about borborgymi? You have. We all have. These are the official medical terms for an ice cream headache, hiccup, and getting dizzy from standing up, respectively. If we all know…

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You can pair a limited purpose FSA with an HSA

Pairing an HSA with a Limited Purpose FSA

September 20, 2019

When it comes to health care spending options, there are many possibilities employers can offer. Whether it is a health savings account (HSA) or flexible spending account (FSA), both are great spending tools for employees with consumer-directed health plans that…

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