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 | 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 | 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 | 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...
