by admin
| Jun 30, 2025
| Health Savings Accounts
, Obamacare
Navigating ACA and HSA regulations in 2025 is crucial for employers in Illinois. Key updates include: ACA Affordability Threshold: Rising to 9.02% of household income. For self-only coverage, the maximum monthly contribution is $113.20. HSA Contribution Limits:...
by admin
| Mar 10, 2025
| Health Savings Accounts
, Insurance News
To qualify for a Health Savings Account (HSA) in Illinois, you need to meet specific federal requirements: Be enrolled in a High Deductible Health Plan (HDHP): Your health insurance must meet minimum deductible and maximum out-of-pocket limits set by the IRS....
by admin
| Jun 9, 2020
| Health Savings Accounts
The Internal Revenue Service announced new, higher contribution limits for health savings accounts for 2021 today. You’ll be allowed to contribute $3,600 for individual coverage for 2021, up from $3,550 for 2020, or $7,200 for family coverage, up from $7,100 for 2020....
by admin
| Jul 23, 2019
| Health Savings Accounts
, Obamacare
The Treasury Department and IRS added treatments for a range of chronic conditions to the list of preventive-care benefits for which a high-deductible health plan (HDHP) can pay—even if a plan enrollee’s health care spending hasn’t surpassed the plan...
by admin
| Mar 16, 2019
| Flexible Spending Accounts
, Health Savings Accounts
, Uncategorized
A screenshot of Amazon’s FSA/HSA storefront KEY POINTS Amazon will now accept consumers’ health savings and flexible savings accounts. That allows people to contribute a portion of their salary or wages, before taxes, to cover medical expenses that would...
by admin
| Dec 5, 2018
| Health Savings Accounts
The IRS has announced 2019 HSA contribution limits as part of the release of Revenue Procedure 2018-30. The limits are: HSA 2018 2019 Self-only HSA contribution limit $3,450 $3,500 Family HSA contribution limit $6,900 $7,000 In 2019,...
