Voluntary Benefits: Is Health Insurance Enough?
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Health Savings Account: A Misnomer
A Health Savings Account (HSA) vendor analyzed how its members spent funds in their accounts and found 93% of the money was spent on regular copays and medical bills. The problem with the high deductible health plan (HDHP) + HSA premise is thus: premiums are affordable for HDHPs because of the high deductible. When an employee is paying $500-$600/month in...
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IRS Releases 2019 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits
unsplash-logoSamuel Zeller
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2019 HSA and Out of Pocket Maximum (OOP) Limits
The IRS released Health Savings Account (HSA) contribution limits and High Deductible Health Plan (HDHP) amounts for 2019. See the IRS announcement here.
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HSA & Retirement Planning
A recent article in ThinkAdvisor highlighted results from a study finding few people are using Health Savings Accounts (HSA) as retirement savings tools. For years the Potomac team has educated employers and staff on the benefits of using HSAs as retirement investment accounts, for retirement medical expenses or retirement reimbursements. According to the LIMRA Secure Retirement Institute and Insured Retirement...
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