Griffin Benefits
NOVEMBER 11, 2021
Together, these combined announcements by the IRS detail 2022 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. HSA & HDHP Limits Increase for 2022.
Business Management Daily
DECEMBER 1, 2019
1 payday back into 2020, you’d still have 27 biweekly pay periods, this time in 2021. Best practice: List all benefits and deductions to determine whether they’re impacted: Medical, dental, life, vision, group-term life insurance, long-term disability, dependent care, flexible spending accounts and health savings accounts.
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InterWest Insurance Services
JANUARY 27, 2023
Recent studies have highlighted an alarming trend in American health care: More and more people are struggling with medical bills and many are delaying care due to high costs. That’s up from 26% in 2020 and 2021. Urge any employees in HDHPs to sock away funds in their attached health savings accounts for future medical expenses.
Benefit Resource Inc.
FEBRUARY 4, 2021
Health Savings Accounts (HSAs) are basically the hot new(ish) accessory in the benefits world these days. No matter where you are in your career, or in life, your Health Savings Account will be your constant companion. We talked previously about how HSAs and 401(k)s pair nicely together.
Benefits Notes
OCTOBER 28, 2020
On October 26, 2020, the Internal Revenue Service (IRS) released Notice 2020-79 , which sets forth the 2021 cost-of-living adjustments affecting dollar limits on benefits and contributions for qualified retirement plans. The 2020 limits are provided for reference. . Elective Deferral Limit 401(k), 403(b), 457(b).
Flimp Communications
FEBRUARY 7, 2020
At a minimum, talking about tax season with workers can lead to conversations about retirement savings plans such as IRAs or 401(k)s, as well as any other financial management benefits you offer. 2020 Tax Season Changes. HR experts and benefits brokers are familiar with these accounts; not all employees are.
Flimp Communications
MARCH 31, 2020
Where Tax Savings and Benefits Intersect. Health savings accounts (HSAs) are great medical savings and investment tools for employees, particularly those who won’t have a ton of medical expenses year to year. The deadlines for contributions to HSAs have also been extended to July 15th for 2020.
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