HSAs and the 2020 Tax Deadline

In March, the Internal Revenue Service (IRS) moved the tax deadline from April 15 to July 15. With just a few weeks until the deadline comes, here is a refresher on the tax deadline and your Health Savings Account (HSA), including tax forms and contributions for 2019. Gather All Medical and Healthcare Receipts It’s always … More >>

2021 HSA Contribution Limits, HDHP Minimum Deductibles and Out of Pocket Max

On Wednesday, May 20, the Internal Revenue Service (IRS) published the new rates for Health Savings Accounts (HSAs) in 2021. There is an increase for 2021 HSA contribution limits as well as out-of-pocket maximum limits for high deductible health plans (HDHPs). Learn more below. 2021 HSA Contribution Limits For 2021, the IRS has adjusted HSA contribution limits … More >>

IRS Extends 2020 Tax Deadline and HSA Contribution Period

Due to the impact of COVID-19 (coronavirus), Congress, the IRS, and other federal agencies have taken significant actions to provide relief for workers and their families. Learn more below about extensions to the tax filing deadline and HSA contribution period, and information about getting treated for coronavirus under a high deductible health plan.   2020 … More >>

Employer Benefit Updates: Cadillac Tax Repeal and PCORI Extension

Congress Repeals Cadillac Tax and Extends PCORI

In December 2019, funding legislation was approved by Congress and signed by President Trump. In addition to approving federal spending for 2020, the bill also repealed the Cadillac Tax and extended PCORI – which are important for employers. Learn more below about these new details regarding healthcare benefits. Cadillac Tax Repeal Officially known as the … More >>

Benefits Debit Cards: Practical, Secure, Convenient

Today’s reality highlights the need for benefits debit cards. In a highly mobile, tech-driven society, card payments are the norm rather than the exception. Nearly everywhere, people can use their credit or debit cards as payment: at their doctor’s office, pharmacy, grocery store, retail shops, taxicabs, subway stations, and more. The speed, convenience and security … More >>