NEWS

2020 Limits for Health Savings Accounts (HSAs)


The IRS has released the 2020 cost-of-living adjusted limits for health savings accounts (HSAs) and high-deductible health plans (HDHPs).

There are a few HSA limitations and requirements that are adjusted for inflation each year. They apply to the minimum deductible for health insurance plans, annual out-of-pocket expenses, and the amount that can be contributed to an HSA for the year. Health Savings Account owners will see an increase in both single and family plan limits, as well as higher annual deductible and out-of-pocket limits.

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NEWS

Employee Benefit Acronyms Part 3 of 3

Everybody in the employee benefits field uses acronyms like ALE, MLR, and ACA, but what do these and other employee benefits acronyms stand for?

04/14/2023

Employee Benefit Acronyms Part 2 of 3

Everybody in the employee benefits field uses acronyms like ADA, MSP, and PHI, but what do these and other employee benefits acronyms stand for?

04/14/2023

Employee Benefit Acronyms Part 1 of 3

Everyone in the employee benefits field uses acronyms like CDHC, EAP, and VEBA, but what do they stand for?

04/14/2023

Frequently Asked Questions About Medical Expenses Related to Nutrition, Wellness, and General Health

The IRS has issued FAQs that explain when certain costs related to nutrition, wellness, and general health are medical expenses under Code § 213.

04/14/2023

The National Emergency Ends

A new wrinkle recently added a potential complication to calculating these deadlines.

04/14/2023