Consumer-Driven Healthcare

Key takeaways - 2024 HSA contribution limits 2024 HSA contribution limits will increase to $4,150 and $8,300 for self-only and family HSAs, respectively. 2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. Health savings account (HSA) contribution limits...

New survey results published during Mental Health Awareness Month indicate that a variety of financial and health factors are the top drivers influencing mental health in this country. Money was the top factor at 52%, with personal health and the...

Many companies are recession-planning and looking for ways to cut costs. But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not...

The IRS requires your flexible spending account (FSA) participants to submit documentation to prove their purchase was an eligible expense. The IRS emphasized these requirements and potential penalties for employers not meeting the requirements when releasing an Office of the...

President Biden signed legislation ending the COVID-19 National Emergency on April 10, 2023. The IRS and Department of Labor (DOL), however, have indicated informally that there is no change to the Outbreak Period set forth in the FAQs issued by...

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. For employers, HRAs or HSAs come with perks, including tax...

For most of you, a new plan year has begun! And just because you have an entire plan year ahead doesn’t mean you should wait until November or December to put time and energy into your employee benefits. In fact,...

If you’re an employer, is your in-house benefits administration team struggling to juggle the multitude of complexities behind running a successful benefits administration program? Are you spending too much time and resources trying to keep up to date with compliance...

How much should I contribute to my health savings account (HSA) each month? The short answer: As much as you're able to (within IRS contribution limits), if that’s financially viable. If you’re covered by an HSA-eligible health plan (or high-deductible...

The season for filing taxes is upon us once again. We're getting closer to the deadline for filing for 2022. We wanted to share a few tips and reminders about the health savings account (HSA) information you’ll need for your tax...