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If you have an IRS-qualified High Deductible Health Plan, you may be eligible to set up a Health Savings Account. Below you will find some helpful guidance and updates about HSAs. If you need to set up your Health Savings Account, click here.
 

IRS Announces HSA, ACA Limits for 2023

Deductible and Out-of-Pocket Limits The Internal Revenue Service has announced the deductible, out-of-pocket, and contribution limits for HSA-qualified plans for the 2023 calendar year. The minimum deductible increased from $1,400 to $1,500 for people with single coverage and from $2,800…

IRS Announces HSA, ACA limits for 2022

Deductible and Out-of-Pocket Limits The Internal Revenue Service has announced the deductible, out-of-pocket, and contribution limits for HSA-qualified plans for the 2022 calendar year. The minimum deductible is staying the same: $1,400 for people with single coverage and $2,800 for…

IRS Announces HSA, ACA limits for 2021

Deductible and Out-of-Pocket Limits The Internal Revenue Service has announced the deductible, out-of-pocket, and contribution limits for HSA-qualified plans for the 2021 calendar year. The minimum deductible Is staying the same: $1,400 for people with single coverage and $2,800 for…

IRS announces HSA, ACA limits for 2018

Deductible and Out-of-Pocket Limits The Internal Revenue Service has announced the deductible, out-of-pocket, and contribution limits for HSA-qualified plans for the 2018 calendar year. The minimum deductible increased by $50 for individuals, from $1,300 to $1,350, and by $100 for…

2017 HSA Contribution and Out-of-Pocket Limits

The IRS recently announced the 2017 contribution, deductible, and out-of-pocket limits for HSA-qualified plans. As it turns out, only one number changed from 2016: the contribution limit for people with single coverage under a High Deductible Health Plan increased by…

What to do with the new tax forms

It’s tax season, and this year you may be receiving new forms in the mail from your employer, insurance company, and/or the federal government. What are you supposed to do with these forms, and what new requirements do you have…

IRS clarifies HSA rule for veterans

One of the rules that has been in place since the inception of Health Savings Accounts is that someone who has used VA benefits in the last 90 days is ineligible to contribute to a Health Savings Account. IRS Notice…

2016 HSA Contribution and Out of Pocket Limits

The 2016 HSA contribution, deductible, and out-of-pocket limits for HSA-qualified plans are as follows: Annual contributions to an HSA may not exceed $3,350 for self-only coverage and $6,750 for family coverage (individuals age 55 or older may contribute an additional $1,000…

Questions about HSA expenses? Use this guide.

Health Savings Accounts allow account holders to set aside pre-tax dollars to pay for eligible medical expenses. But what is an eligible expense? To find out, we'd suggest that you take a look at IRS publication 502. It provides a…

Can I have Medicare and an HSA?

Health Savings Accounts (HSAs) are great, and they're growing in popularity every single year. But a lot of people are working past age 65 nowadays, and some choose to sign up for their HSA-qualified employer-sponsored health plan even though they…

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