Bulletins

IRS expands preventive care benefits for HSA-compatible HDHPs

Because of the tax-favored treatment of a high-deductible health plan (HDHP) integrated with a health savings account (HSA), individuals are required to pay out-of-pocket for all medical expenses, with the exception of qualified preventive care, until the plan deductible is satisfied. In Notice...

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IRS announces 2020 contribution limits

The IRS issued new contribution limits this month for tax-advantaged accounts. The limits, adjusted for inflation annually, are effective January 1, 2020. Limits for cafeteria plans were adjusted slightly.

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IRS announces 2020 HSA limits

Contribution limits for Health Savings Accounts (HSAs) will bump up $50 for self-only coverage and $100 for family coverage, the IRS recently announced. HSA contribution and plan limits will increase to $3,550 for self-only coverage and $7,100 for family coverage.

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2019 HSA contributions released by IRS

The IRS has announced the 2019 HSA maximum contribution limits detailed in the newly released Revenue Procedure 2018-30. HSA contribution and plan limits will increase to $3,500 for self-only coverage and $7,000 for family coverage. Changes to these limits will take effect January 2019.

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IRS announces relief for 2018 HSA family contributions

The IRS announced on Thursday, April 26, that it’s modifying the annual limitation on 2018 HSA family contributions. Under Rev. Proc. 2018-27, taxpayers will be allowed to treat $6,900 as the annual limitation for 2018, as opposed to the $6,850 limitation announced earlier this year.

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