Health Savings Accounts


IRS Allows Health Plans to Cover More Treatments Before Deductible Is Met

IRS Allows Health Plans to Cover More Treatments Before Deductible Is Met

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 deductible—without running afoul of the rules allowing pretax contributions to health savings accounts (HSAs). Medical care, […]

IRS Releases 2016 HSA Limits

IRS Releases 2016 HSA Limits

On May 4, 2015, the Internal Revenue Service (IRS) released Revenue Procedure 2015-30 which details the inflation-adjusted amounts that impact qualified high deductible health plans and Health Savings Accounts (HSAs) for the 2016 calendar year, as outlined below: These limits are updated annually and reflect cost-of-living adjustments. HSA contribution limits $3,350 for individual coverage (no change from 2015) […]