HSAs, HDHPs & FSAs
2022
- IRS Announces 2023 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket Amounts
The IRS has announced 2023 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2023, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…
2021
- IRS Announces 2022 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket Amounts
The IRS has announced 2022 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2022, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…
- Employee Benefits Relief in the Year-End COVID-19 Stimulus Legislation
The Consolidated Appropriations Act, 2021 (H.R. 133) (the “Act”) was passed by both houses of Congress on December 21, 2020, and signed into law by the President on December 27, 2020. The Act is an…
2020
- IRS Announces 2021 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket Amounts
The IRS has announced 2021 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2021, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…
2019
- Departments of Labor, HHS and Treasury Clarify Application of Drug Manufacturer Coupons to Annual Cost Sharing Limitations
The recent final HHS Notice of Benefit and Payment Parameters for 2020 (2020 NBPP Final Rule), addresses how direct support offered by drug manufacturers to enrollees for specific prescription brand…
- IRS Announces 2020 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket Amounts
IRS has set 2020 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code
2018
- IRS Announces 2019 HSA Contribution Limits, HDHP Minimum Deductibles and HDHP Maximum Out-of-Pocket Amounts
The IRS has announced 2019 HSA and HDHP limits as follows: Annual HSA contribution limitation. For calendar year 2019, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A)…
- IRS Grants Relief Raising the 2018 Annual HSA Contribution Limit for Family Coverage Back up to $6,900
On April 26, 2018 the Internal Revenue Service issued Revenue Procedure 2018-27, which provides relief for 2018 for taxpayers with family coverage under a High Deductible Health Plan (HDHP) who…
- IRS Revises 2018 Annual HSA Contribution Limit for Family Coverage to $6,850 (down from $6,900)
The IRS has issued Rev. Proc. 2018-18, which revises the previously-published annual limitation on deductions under Code § 223(b)(2)(B) for 2018 for an individual with family coverage under a high…
2017
- IRS Announces 2018 Inflation Adjusted Amounts for Health Savings Accounts (HSAs)
The IRS has announced 2018 HSA limits as follows: Annual contribution limitation. For calendar year 2018, the annual limitation on deductions for HSA contributions under § 223(b)(2)(A) for an…
2016
- IRS Announces 2017 Inflation Adjusted Amounts for Health Savings Accounts (HSAs)
The IRS has announced 2017 HSA limits as follows: Annual contribution limitation. For calendar year 2017, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only…
2015
- DOL Opinion Finds Stop Loss Policy is not a Plan Asset
DOL recently issued Advisory Opinion 2015-02A, concluding that an employer’s stop loss policy, purchased to manage the risk associated with its liabilities under a self insured medical plan, was not a…
- IRS Updates Health Savings Account Limits for 2016
The IRS has updated the Health Savings Account (HSA) limits for 2016: The annual limit on HSA contributions for individuals with self only coverage under a High Deductible Health Plan (HDHP) is $3,350…
- CMS 2016 Payment Notice effectively embeds individual out of pocket limit in family HDHPs
The Health and Human Services (HHS) Centers for Medicare & Medicaid Services (CMS), recently issued its final 2016 Notice of Benefit and Payment Parameters (2016 Payment Notice), in which it stated…