There has been many unforeseen changes in 2020. Healthcare has become an essential part of the puzzle. Offering employee benefits, such as group health, can eliminate anxiety among your employees. Many health plans include access to telehealth or telemedicine services.…
IRS Announces HSA Limits for 2020
On May 28, 2019, the Internal Revenue Service (IRS) released Revenue Procedure 2019-25 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2020. An HSA is a tax-exempt savings account that employees can use to pay…
2019 Open Enrollment Begins November 1
Madison, WI—The Wisconsin Office of the Commissioner of Insurance (OCI) has completed its review of rates and forms filed by insurers requesting to participate in the federally facilitated exchange. It is important to note these rates and forms are impacting…
IRS Releases 2019 HSA and HDHP Limits
The Internal Revenue Service (IRS) has announced the 2019 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under the Internal Revenue Code. 2019 HSA Contribution Limits For calendar year 2019, the annual limitation on HSA deductions for an individual…
Contribution Limit for Individuals with HDHP Family Coverage Drops by $50
The Internal Revenue Service (IRS) has announced that the 2018 annual limitation on health savings account (HSA) contributions by individuals with family coverage under a high deductible health plan (HDHP) is now $6,850. This limit was previously announced as $6,900, but has been…