by Admin | Apr 7, 2011 | Health Savings Accounts, Insurance News
If you were covered by a high deductible health insurance plan in 2010, you have until April 18, 2011, to make a tax-deductible contribution to an HSA. This account gives you a triple tax benefit: you deduct the contributions (whether or not you itemize other...
by Admin | Dec 29, 2010 | Flexible Spending Accounts, Health Savings Accounts, Insurance News
The Internal Revenue Service issued new guidance allowing the continued use of flexible spending arrangement and health reimbursement arrangement debit cards for the purchase of prescribed over-the-counter medicines and drugs. A few weeks ago, the IRS announced tough...
by Admin | Nov 15, 2010 | Health Savings Accounts, Healthcare Reform, Insurance News
Due to the enactment of the National Health Law (PPACA – Patient Protections and Affordable Care Act) beginning January 1, 2011 the following changes will affect Health Savings Accounts: The Excise Tax on ineligible HSA reimbursements increases from 10% to 20%....
by Admin | Jun 16, 2009 | Blue Cross Blue Shield of Illinois, Health Savings Accounts, Insurance News
New BlueEdgeSM HSA plan options for 2-150 groups are being introduced July 1, 2009. These additional plan designs offer $3,500 aggregate and embedded deductible options with either 100%/80% or 80%/60% coinsurance options, or a $5,000 aggregate or embedded deductible...
by Admin | May 27, 2009 | Health Savings Accounts, Insurance News
The Internal Revenue Service (IRS) on May 14 issued Revenue Procedure 2009-29 providing inflation-adjusted limits for health savings accounts (HSAs) for use in 2010. The annual contribution limits have been increased to: $3,050 for those with self-only coverage (up...
by Admin | Feb 23, 2009 | Health Savings Accounts, Insurance News
Health care consumerism continues to grow through both consumer-directed health plans and tools that provide all health care consumers with more information about their health care choices and costs. Here are some examples of their growth: The number of employers with...
