Posts Tagged ‘Contributions’
Getting Your Associates on the Track for HSA Success
When considering benefits education, it’s natural to think about open enrollment and the start of a plan year. However, with team members joining organizations throughout the year, human resources teams are always working hard to optimize and adjust new employee benefits orientation. It’s important for us at Further to help you help your team members…
Read MoreIRS Announces 2022 HSA and HDHP Limit Increases
The IRS has announced increased contribution limits for Health Savings Accounts (HSAs) in 2022. The new limits are: $3,650 for individuals (up $50 from 2021) $7,300 for family plans (up $100 from 2021) No changes were made to high deductible health plans’ (HDHP) minimum annual deductibles; they will remain the same as 2021: $1,400 for individuals and…
Read More4 HSA Strategies for Maximizing Their Use
We get it. For your employees, being an active health care consumer and managing health savings accounts (HSAs) can be confusing, especially if utilization is infrequent. In fact, data from a Further study fielded in 2020 shows 40% of employees feel less than confident in understanding this benefit offering and how to fully leverage it.…
Read MoreDeadline Extended for 2019 Health Savings Account Contributions
The IRS recently announced that the 2019 federal tax filing deadline has been extended to July 15, 2020, giving Americans more time to gather their 2019 information amidst the COVID-19 pandemic. With that extension, those who have a high deductible health plan (HDHP) paired with a health savings account (HSA), may still contribute funds and…
Read More5 Tips to Increase Employee HSA Adoption
As employer-offered high deductible health plans (HDHPs) continue to become more widely offered and additional health care premium costs are being shifted to members, there seems to be a perception among employees that you can no longer have a quality health care plan that is also affordable. Employees perceive that you need to compromise one…
Read MoreWhat Medicare Means for HSAs
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…
Read More2020 HSA Contribution and HDHP Limits Announced
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…
Read MoreHelping Your Employees Establish a Contribution Cadence
We know contributing to HSAs can provide numerous benefits to employees. The more your employees know about contributions, the better equipped they will be to take full advantage of their HSAs’ tax benefits. HSA contribution limits and tax reporting, if not understood by your employees, can lead to extra work for both of you –…
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