HSA Contribution Limits 2021 IRS
Every year, the IRS updates their Health Savings Accounts (HSA) contribution limits. It’s important to stay up to date with these changes and be aware of how much you could be saving each year for qualified medical expenses. Single Plan HSA Contribution Limits Family Plan Maximum Contribution Limit $3,600 $7,200 Minimum Deductible $1,400 $2,800 Maximum […]
Cadillac Tax Delayed until 2022
Delayed Again but Not Repealed The recent government funding bill included a provision to delay the Cadillac Tax further. The tax is a 40% excise tax on plans with value over certain indexed thresholds. The stopgap funding bill also amends other tax provisions that were part of the Affordable Care Act, such as delaying the […]
IRS Releases 2018 HSA Limits
The 2018 HSA (health savings account) guidelines were recently released by the Internal Revenue Service (IRS). These guidelines outline the inflation-adjusted contribution, deductible, and out-of-pocket spending limits for Health Savings Accounts (HSAs) and high-deductible health plans (HDHPs) for calendar year 2018. 2018 HSA Overview Minimum deductible Compliant HSA plan examples: One plan for self-only and […]
