Posts Tagged ‘Contributions’

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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Helping Your Employees Establish a Contribution Cadence

Man pulling money out of wallet

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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