high deductible health plan – Page 2

Health Savings Account: A Misnomer

February 25, 2019July 15, 2020 Administrator

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... Read More

2019 HSA and Out of Pocket Maximum (OOP) Limits

May 16, 2018May 16, 2018 Administrator

The IRS released Health Savings Account (HSA) contribution limits and High Deductible Health Plan (HDHP) amounts for 2019. See the IRS announcement here. Read More

IRS Adjusts 2018 HSA Contribution Limit – Again

April 30, 2018 Administrator

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IRS Decreases Some 2018 Limits Including Maximum Family HSA Contribution

March 12, 2018 Administrator

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Kaiser Cost-Sharing Changes for HSA-Qualified HDHP Plans

January 9, 2018 Administrator

Kaiser has implemented a change to cost sharing for HSA-qualified high-deductible health plans. For Kaiser members with these plans, some scheduled, non-preventive phone and video visits are now subject to the deductible. Kaiser is making this change in how they charge for these services to better align with IRS rules for HSA-qualified plans. Beginning January 1, 2018 or when your... Read More

Maryland Contraceptive Equity Act: Still No Resolution

January 8, 2018January 8, 2018 Administrator

The Maryland Contraceptive Equity Act (MCEA) is now in effect, as of January 1, 2018. The IRS and the state of Maryland continue to disagree on the definition of preventive care. Under the MCEA, male sterilization is deemed to be preventive care, meaning vasectomies must be made free to all individues covered by a fully insured health insurance policy issued... Read More

Maryland Employers: Clarification on Maryland’s Required Coverage of Male Sterilization and High Deductible Health Plans

November 22, 2017December 21, 2017 Administrator

Effective 1/1/2018, Maryland's Contraceptive Equity Act requires all health insurance carriers to cover male sterilization (vasectomy) procedures as preventative care, thus excluding these procedures from deductibles. However, this deductible prohibition is suspended for high deductible health plans (HDHP). Otherwise, insurers and nonprofit health service plans providing coverage for male sterilization under individual, group, or blanket health insurance policies or contracts... Read More

Health Savings Accounts as a Retirement Savings Vehicle

August 25, 2017April 10, 2018 Administrator

Use HSAs now and max out your contributions, invest the money, and use the IRS “shoebox rule” for additional tax benefits. Fidelity recently estimated a 65-year-old couple, retiring this year, will need $275,000 to cover health care expenses. Say you have a Health Savings Account (HSA) because you are enrolled in your employer’s high deductible health plan (HDHP). If you... Read More

[CHART] Health Savings Account (HSA) Key Features for 2018

June 19, 2017March 5, 2018 Administrator

New Fiduciary Rules Impact Some HSAs

June 12, 2017June 12, 2017 Administrator