United Benefit Advisors Insight and Analysis Blog

IRS Issues Transition Relief Notice for Plans with Male Sterilization or Contraceptive Benefits

Posted by: Karen Hsu    May 31, 2018 11:00:00 AM

Recently, some states adopted laws that
require certain health insurance policies to
provide benefits for male sterilization and male contraceptives without cost-sharing.

However, under health saving account (HSA) eligibility requirements, a high deductible health plan (HDHP) generally may not provide benefits for any year until the minimum deductible for that year is satisfied. Although an HDHP may provide preventive care without a deductible or with a deductible that is below the minimum annual amount required by HSA eligibility requirements, male sterilization and male contraceptives are not considered preventive care under the Social Security Act or any Treasury Department guidance.

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Topics: HDHPs, HSAs, IRS Notice 2018-12

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

Government and Education Employers Offer Richest HSA Plans

Posted by: Bill Olson    Jul 27, 2017 9:30:00 AM

Across most industries, HSA contributions are, for the most part, down or unchanged from three years ago, according to UBA’s Health Plan Survey. The average employer contribution to an HSA is $474 for a single employee (down 3.5 percent from 2015 and 17.6 percent from five years ago) and $801 for a family (down 9.2 percent from last year and 13.7 percent from five years ago). Government and education employers are the only industries with average single contributions well above average and on the rise.

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Topics: health savings accounts, UBA Health Plan Survey, HSAs, employer-sponsored health insurance, health care benchmarking

Small Employers Lead the Way in Funding HSAs

Posted by: Bill Olson    Jun 15, 2017 9:30:00 AM

The average employer contribution to an HSA is $474 for a single employee (down 3.5 percent from 2015 and 17.6 percent from five years ago) and $801 for a family (down 9.2 percent from last year and 13.7 percent from five years ago). There was a 26 percent increase in the number of individuals enrolled in HSAs, likely due to the increase in CDHP enrollment (which often have HSAs tied to them). Since 2013, there has been a 97.7 percent increase in enrollment, showing significant employer and employee interest in these plans over time.

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Topics: health plan benchmarking, employee benefits, health savings accounts, UBA Health Plan Survey, HSAs

2018 Amounts for HSAs; Retroactive Medicare Coverage Effect on Contributions

Posted by: Danielle Capilla    Jun 8, 2017 9:30:00 AM

IRS Releases 2018 Amounts for HSAs

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Topics: HDHPs, health savings accounts, UBA Health Plan Survey, HSAs, Medicare coverage

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