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Tag: Health Savings Account

Flexible Spending Accounts, Health Savings Account

HSA or FSA: What Should You Choose?

October 19, 2020October 20, 2020 P&A Group

HSAs and FSAs are both great savings vehicles that can help you reduce medical expenses.  When it comes to determining which account is right for you, it’s important to weigh the benefits of each account.  Let’s review! What is a Flexible Spending Account (FSA)?  A Flexible Spending Account, also known as an FSA, gives you… Continue reading HSA or FSA: What Should You Choose?

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Tagged FSA, Health Flexible Spending Account, Health Savings Account, HSA, HSA vs FSA, What's better a HSA or FSA?Leave a comment
Employee Benefits, Flexible Spending Accounts, Health Savings Account

2021 HSA Contribution Limits Announced

May 21, 2020June 2, 2020 P&A Group

On May 21, 2020, the IRS announced the 2021 HSA contribution limits for Health Saving Accounts (HSA). The following increases are effective January 1, 2021: 2021 HSA Contribution Limits Individuals with single HDHP coverage will see a $50 increase in the annual contribution limit, bringing the maximum limit to $3,600 for 2021. Families with family… Continue reading 2021 HSA Contribution Limits Announced

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Health Care Reform, P&A Group

New HSA Limits Announced for 2018; Possible Changes Proposed

May 9, 2017March 27, 2018 P&A Group

Last week the IRS released the inflation-adjusted limits for Health Savings Accounts (HSAs) in 2018.  The increases for the 2018 are as follows: Annual Contribution Single:  $2,450 Family:  $6,900 HSA Minimum Deductible Single:  $1,350 Family:  $2,700 HSA Maximum Out-of-Pocket Expenses Single:  $6,650 Family:  $13,300 Looking Ahead If the ACA replacement bill gets passed in the… Continue reading New HSA Limits Announced for 2018; Possible Changes Proposed

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Tagged American Health Care Act, Health Care Reform, Health Savings Account, HSA, IRS Limits 2018Leave a comment

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