Sep 28, 2023 | Announcements, Compliance, Consumer-driven Health Plans, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS, Regulatory
The MedBen Compliance team has updated its High Deductible Health Plan (HDHP)/Health Savings Account (HSA) summary to include 2024 IRS guidelines. In 2024, the HDHP minimum required deductible is $1,600 for self-only coverage ($3,200 for family coverage), while the...
May 25, 2023 | Announcements, Consumer-driven Health Plans, FSA Store, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), HSA Store, IRS
The IRS has announced its health savings account (HSA) contribution limits for 2024. The annual cost-of-living adjustments include a 7.8% increase in individual HSA contributions – one of the largest jumps in recent years, and a definite indication of how inflation...
Aug 9, 2022 | Benchmarks, Flexible spending accounts (FSAs), Health Benefits, Health Savings Accounts (HSAs), Mental Health, Telehealth, Telemedicine
Already ranked as the most important employee benefit an organization can offer its workers, health-related benefits have taken on even greater significance since the onset of COVID-19, according to the 2022 SHRM Employee Benefits Survey. As shown in the graph below,...
May 6, 2022 | FSA Store, Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), HSA Store
The IRS recently announced its annual cost-of-living adjustments affecting health savings accounts (HSAs) for calendar year 2023. HSA Contribution Limits – The annual HSA contribution limit for individuals with self-only high-deductible health plan (HDHP) coverage...
May 14, 2021 | Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), IRS, News
The IRS recently announced its annual cost-of-living adjustments affecting health savings accounts (HSAs) for calendar year 2022. HSA Contribution Limits – The annual HSA contribution limit for individuals with self-only high-deductible health plan (HDHP) coverage...
Apr 5, 2021 | COVID-19, Flexible spending accounts (FSAs), FSA Store, Health reimbursement arrangements (HRAs), Health Savings Accounts (HSAs), Personal protective equipment (PPE)
The IRS has announced that purchases of personal protective equipment (PPE) qualify for reimbursement under a health flexible spending account (FSA), health reimbursement arrangement (HRA), or health savings account (HSA). Eligible PPE products now include paper and...