United Benefit Advisors Insight and Analysis Blog

IRS Changes HSA Limit for 2018

Posted by: Danielle Capilla    May 11, 2018 11:54:46 AM

The Internal Revenue Service (IRS) recently released Revenue Procedure 2018-27 to modify the 2018 health savings account (HSA) family contribution limit back to $6,900. This is the second, and likely final, change in limit during 2018.

 

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Topics: family planning, HSA, family insurance benefits, HSA funding, health care benefits, HSAs

HSAs and Employer Responsibilities

Posted by: Vicki Randall    May 25, 2017 9:30:00 AM

It’s no secret that one of the primary agenda items of the new Republican administration is to repeal the Patient Protection and Affordable Care Act (ACA) and to sign into law a plan that they feel will be more effective in managing health care costs. Their initial attempt at a new plan, called the American Health Care Act (AHCA), included an increased focus on leveraging health savings accounts (HSAs) to accomplish this goal. As the plan gets debated and modified in Congress, we do not know whether the role of HSAs will be expanded or not, but they will continue to be a part of the landscape in some shape or form.

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Topics: health savings accounts, High Deductible Health Plans, HSA funding, HSAs, benefit plan design

Region Matters When It Comes to HSA Funding, CDHP Adoption

Posted by: Bill Olson    Apr 30, 2015 12:00:00 PM

Region Matters When It Comes to HSA Funding, CDHP AdoptionWe’ve already discussed Health Savings Account (HSA) activity at length, looking first at the correlation between generous HSA contributions and increased enrollment in consumer-driven health plans (CDHPs). Second, we looked at how HSAs have performed in recent years across different industries. Now, we’ll look closer at HSA activity across different regions of the country, based on the results of the 2014 UBA Health Plan Survey.

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Topics: health plan benchmarking, CDHPs, health savings accounts, HSA, consumer-driven health plan, HSA funding, Kaminsky & Associates, LHD Benefit Advisors, UBA Health Plan Survey, Mark Sherman, Brian M. Goff, Andrea Kinkade

Industry Differences Among Health Savings Accounts

Posted by: Bill Olson    Apr 16, 2015 12:00:00 PM

While recent survey data shows that, on average, employers are decreasing the amount they’re willing to contribute to employee Health Savings Accounts (HSAs), there are some industries that have not seen such trends.

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Topics: health savings accounts, HSA, consumer-driven health plan, 2014 Health Plan Survey, HSA funding

PPACA’s Impact on How CDHPs and HSAs Work Together

Posted by: Bill Olson    Mar 31, 2015 12:00:00 PM

Employer health savings account (HSA) funding strategies have changed in recent years in response to the Patient Protection and Affordable Care Act (PPACA) and its impact on employer-sponsored health insurance plans. Employers are contributing less, on average, to HSAs and the increase in popularity of cost-saving consumer-driven health plans (CDHPs) has also had a major impact on how employers use these accounts.

In 2014, employees saw a 10 percent decrease in their average single HSA employer contribution from the previous year, from $574 in 2013 to $515 in 2014, according to new data released from the 2014 UBA Health Plan Survey, the largest health benefits survey in the nation. Average family contributions also decreased 7 percent during the same period, from $958 to $890.

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Topics: health plan benchmarking, CDHPs, PPACA Affordable Care Act, health savings account, HSA, consumer-driven health plan, 2014 Health Plan Survey, HSA funding