by admin | Aug 23, 2025 | Uncategorized
A federal judge has temporarily blocked changes to the Affordable Care Act (ACA) marketplace rules, preventing major adjustments set to take effect on August 25, 2025. These changes, proposed by the Department of Health and Human Services, could have led to higher...
by admin | Aug 21, 2025 | Uncategorized
HIPAA violations in Illinois can lead to severe financial penalties, legal actions, and reputational damage for organizations handling protected health information (PHI). Penalties range from $100 to $50,000 per violation, with annual caps of $1.5 million. Common...
by admin | Aug 18, 2025 | Uncategorized
Missing HSA contribution deadlines can cause tax issues, compliance headaches, and financial strain for employees. Employers must act quickly to fix errors and prevent future problems. If you’ve missed a deadline, here’s what you need to know: Key Deadlines: Employee...
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...
