2022 Health Savings Account and Compliant Health Plan Limits
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New direct primary care rules are a tough pill for HSAs
Direct primary care is a must; however, it should never be considered an insurance plan (32 states and HHS consider direct primary care a service, not insurance). The lack of logical thinking at the IRS is sometimes mind-blowing. Our leaders and the IRS should avail themselves of the advice of insurance industry thought leaders to save the government and taxpayers...
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IRS Releases 2021 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits
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HDHP and HSA Limits Announced for 2021
On May 20, 2020, the IRS released the following 2021 limits for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs). 2021 HSA Contribution Limits: • Self-Only: $3,600 • Family: $7,200 2021 HDHP Minimum Deductible: • Self-Only: $1,400 • Family: $2,800 2021 HDHP Maximum Out-of-Pocket Expenses: • Self-Only: $7,000 • Family: $14,000 These rates will be effective for the...
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HSA-Compatible Plans Can Offer No-Deductible COVID-19 Care: IRS
Due to the unprecedented public health emergency posed by COVID-19, and the need to eliminate potential administrative and financial barriers to testing for and treatment of COVID-19, a health plan that otherwise satisfies the requirements to be an HDHP under section 223(c)(2)(A) will not fail to be an HDHP merely because the health plan provides medical...
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