by admin
| Aug 11, 2025
| Uncategorized
SHOP (Small Business Health Options Program) helps small businesses provide health and dental insurance to their employees. It’s designed for businesses with 1-50 full-time equivalent (FTE) employees and offers year-round enrollment, tax credits, and plan flexibility....
by admin
| Jul 7, 2025
| Health Savings Accounts
, Uncategorized
Big changes are here for Health Savings Accounts (HSAs) in 2025. The IRS has raised contribution limits and adjusted requirements for high-deductible health plans (HDHPs). Here’s what you need to know: Higher Contribution Limits: Save up to $4,300 for self-only...
by admin
| May 31, 2025
| Uncategorized
If you’re self-employed, you can deduct 100% of your health insurance premiums for yourself, your spouse, dependents, and kids under 27. This deduction lowers your Adjusted Gross Income (AGI), reducing your overall tax bill – even if you don’t itemize...
by admin
| May 3, 2025
| Health Savings Accounts
, Uncategorized
HSA Contribution Limits for 2026: Individual Coverage: $4,150 Family Coverage: $8,300 Catch-up Contribution (55+): $1,000 Key Deadlines: You can contribute to your HSA for 2026 until April 15, 2027. HDHP Requirements for HSA Eligibility: Minimum Deductibles: $1,600...
by admin
| Jan 27, 2025
| Uncategorized
Illinois is banning short-term health plans in 2025. With federal rules already limiting these plans to 3-month terms, now is the time to compare your options. Here’s what you need to know: ACA Plans: Comprehensive coverage, including pre-existing conditions,...
by admin
| Jan 27, 2025
| Uncategorized
Syncing health insurance with payroll systems simplifies benefits administration, reduces errors, and ensures accurate premium deductions. Here’s a quick overview of what you need to know: Why It Matters: Automates data sharing, saves time, and minimizes...
