Category: "HSAs"

HSA Contribution Limits for 2018 Won’t Reflect Tax Law’s Contentious Changes, IRS Says

29 May, 2018

Heading into 2018, the maximum contribution limit for employees’ health savings accounts started out at $6,900 for families (up from $6,750 in 2017) and $3,450 for individuals (up from $3,400 in 2017), based on a letter provided by the agency in April. HSAs, which are tax-advantaged accounts that m...

The IRS Announces 2019 Contribution Limits, Minimums, and Maximums

17 May, 2018

On May 10, 2018, the IRS released the 2019 limits for high-deductible health plans and health savings accounts. These limits reflect adjustments made for cost of living changes. Health Savings Accounts: The 2019 contribution limit for health savings accounts is $3,500 for individuals, marking a $50...

All About the Benefits of Health Savings Accounts

21 March, 2018

Jody Oliver, President and CEO of Infinisource Benefit Services, was a recent guest on Linda Bell’s popular segment on saving money, hosted on the Fox News Network. Oliver is an expert on health savings accounts (HSAs) and overviewed the benefits of using an HSA to prepare for the future. Who Can Us...

FSA or HSA: Which One is Right for You?

28 March, 2017

Understanding your options for covering out-of-pocket medical and healthcare costs is important so that you can save as much money as possible. But it can sometimes be hard to keep track of all the options available, as there are many accounts available. The most popular options in medical account...

Know your limits! IRS announces taxable benefit amounts for 2017 payroll planners

15 November, 2016

It’s that time of the year again – employers are preparing for payroll and benefit changes for 2017. The IRS issued dozens of tax provisions in Revenue Procedure 2016-55, including transportation, health savings accounts and flexible spending arrangement limits. Transportation Benefits Transportat...