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…
When is Open Enrollment for Health Insurance in Wisconsin?
To get a new individual or family health insurance policy in Wisconsin for coverage in 2018, here are some dates to remember – November 1, 2017 – December 15, 2017 – Open Enrollment If you have an individual or family health…