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MAY 5TH, 2017

2018 HSA Limits Released

The IRS released the 2018 figures for HSAs in Revenue Procedure 2017-37 yesterday, May 4, 2017. The table below illustrates the new limits. Health Savings Account (HSA)       2014 2015 2016 2017 2018 Minimum deductible amounts for the qualifying high-deductible health plan (HDHP) Individual coverage $1,250 $1,300 $1,300 $1,300 $1,350 Family coverage $2,500 $2,600 $2,600 $2,600 $2… Read More
The Internal Revenue Service today announced the tax year 2017  annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2016-55 provides details about these annual adjustments. Of these adjustments, the following will be of most interest members: For the taxable years beginning in 2017, the dollar limitation under § 125(i) on voluntary employee salary reductions for contributions to health flexible spending arra… Read More
As a Peak1 debit card holder, you now have access to complimentary MasterCard ID Theft Protection!  MasterCard  ID Theft Protection**  delivers comprehensive peace of mind via proactive monitoring and faster, more complete and reliable resolutions.   MasterCard  provides top-tier protection services including best-in-class Internet monitoring, identity theft alerts, identity restoration and lost wallet restoration. What’s more, the Enhanced Monitoring and Resolution Service expands on this prote… Read More

OCTOBER 3RD, 2016

10 Useful HSA FAQs for 2017

Sep 20, 2016  |  By Whitney Richard Johnson, ESQ., BenefitsPro Editors Employers are finding that many employees are interested in HSAs and the health plan that makes them possible: the high deductible health insurance plan (HDHP). HSAs offer many benefits, but they're complex for consumers and employers to navigate. Also, although the Affordable Care Act didn’t directly change HSAs, it has affected HDHPs. Click here to read the full article. Read More
August 31, 2016 - Larry Grudzien, Attorney at Law    On August 29, 2016, CMS proposed new annual cost-sharing limits for nongrandfathered group health plans for 2018.  It would increase to $7,350 for individuals and $14,700 for families in 2018. This would be a 2.8% increase from the 2017 limits, which cap out-of-pocket costs for in-network covered essential health benefits under nongrandfathered group health plans at $7,150 for self-only coverage and $14,300 for broader coverage.   Please r… Read More
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