Posts Tagged ‘HSA’

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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How to Improve Mental Health in the Workplace

how to improve mental health in the workplace

May is Mental Health Month. Help employees live their healthiest lives with an HSA that covers mental health expenses. Deborah, a 45-year-old mother of teenage twins and the daughter of an ailing, elderly mother, is having difficulty concentrating at work. In fact, her demeanor, which is usually bright and cheerful, has taken a sour, short-tempered…

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HSA Spenders: An Overlooked Majority

HSA spenders and cash registers

Many health savings account (HSA) administrators are eager to educate on the value of saving HSA funds. But studies show the majority of HSA account holders are spenders. HSA spenders are defined as those who use the account to pay for health-related costs as they occur. In this whitepaper, learn why spenders are important and…

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5 Steps to Boost Health Literacy and HSA Engagement

Find out how employers can boost HSA enrollment simply by helping employees understand their health benefits. The article featured in BenefitsPro, How Health Literacy Boosts HSA Engagement: 5 Steps to Guide Clients, shares five simple steps to help employees better understand their benefits. Read the full article here. Please note that users must be BenefitsPro members to be…

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How to Turn an HSA into a Retirement Pot o’ Gold

rainbow over a field

It’s that time of year when everyone is thinking about that lucky leprechaun and his Pot o’ Gold. At Further, we’re thinking about gold a little bit differently. With a health savings account (HSA), you can start planning now for your own Pot o’ Gold to be waiting for you when you retire. If you…

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Getting Employees to Use Health Savings Accounts

Woman having a meeting with collegue

The numbers tell a story. Enrollment in high deductible health plans (HDHPs) has grown from just 1 million in 2005 to more than 23 million in 2017, according to statistics from America’s Health Insurance Plans.¹ Moreover, employers are increasingly offering health savings accounts (HSAs) as a part of their benefits packages. Yet a recent study…

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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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HSAs – The Past, Present, and Future

Person in yellow looking at curved road

Health savings accounts (HSAs) were born in 2003. How have they evolved into the popular health care plan they are today, and what direction could they go in the future? HSAs were signed into law in 2003 to provide consumers a new way to save and pay for health care spending. As a new type…

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