IRS sets HSA limits for 2019

Posted by Emily Kubis on Wed, May 16, 2018 @ 09:05

Limits slightly increased

The IRS has released the new Health Savings Accounts contribution limits and maximum out-of-pocket figures for 2019.

Next year, contribution limits for individuals rise to $3,500, from $3,450 in 2018. For families, limits rise to $7,000, from 2017’s $6,900.

Maximum out-of-pocket figures also rose—for individuals, the max out-of-pocket is $6,750, up from $6,650 in 2018, and for families, max out-of-pocket is $13,500, from $13,300 in  2018.

Bernard Health's HSA-eligible plan adoption rate is 81 percent—well over industry averages.  Here are three things to know about HSAs in 2019.

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Tags: Affordable Care Act, HSAs, health savings account, obamacare, HSA Rules, health reform, health savings accounts, heath insurance

IRS sets HSA limits for 2018

Posted by Emily Kubis on Wed, May 17, 2017 @ 09:05

Limits slightly increased

The IRS has released the new Health Savings Accounts contribution limits and maximum out-of-pocket figures for 2018.

Next year, contribution limits for individuals rise to $3,450, from $3,400 in 2017. For families, limits rise to $6,900, from 2017’s $6,700.

Maximum out-of-pocket figures also rose—for individuals, the max out-of-pocket is up to $6,650 from $6,550 in 2017, and for families, max out-of-pocket is $13,300, from $13,100 in  2017.

HSAs are tax-advantaged savings accounts that can be used for eligible medical costs. Want to learn more about HSAs?

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Tags: Affordable Care Act, HSAs, health savings account, obamacare, HSA Rules, health reform, health savings accounts, heath insurance

Will HSAs grow, or go away entirely?

Posted by Alex Tolbert on Wed, May 25, 2016 @ 10:05

Check out our Huffington Post column: 

New legislation is trying to expand access to health savings accounts at the federal level, but even if successful, those efforts could be paralyzed by new federal rules indirectly reducing the number of HSA-eligible plans.

The future of the tax-advantaged health savings account is unclear. To better understand the forces both growing and shrinking HSAs, we need to understand what health savings accounts are, how they work, and where they came from.

Check out the full colum hereIf you enjoyed this post, you may also like "IRS sets HSA limits for 2017."

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Tags: Affordable Care Act, HSAs, health savings account, healthcare, HSA Rules, health reform, Huffington Post, HSA Act

IRS sets HSA limits for 2017

Posted by Emily Kubis on Wed, May 04, 2016 @ 09:05

Guidelines mostly unchanged for next year 

The Internal Revenue Service has released limits for health savings accounts in 2017. There isn't much change in store for the medical savings accounts, through which consumers can contribute funds tax-free to be used for medical expenses.

Guidelines for maximum out-of-pocket limits, contribution limits and minimum deductible levels are adjusted every year, but 2017’s rates will be mostly identical to this year’s.  Only individual contribution limits have been adjusted, by an increase of $50. See below for the new guidelines:

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Tags: Affordable Care Act, HSAs, health savings account, obamacare, HSA Rules, health reform, health savings accounts, heath insurance

HSA rules

Posted by Alex Tolbert on Thu, Dec 12, 2013 @ 06:12

Nine rules to help you understand HSA plans 

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Tags: health savings account, HSA Rules

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