2022 401(k) Deductions Health Insurance 
InterWest Insurance Services
NOVEMBER 25, 2022
The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. They also cover the minimum deductibles that qualify programs as high-deductible health plans (HDHPs), which an HSA must be attached to under law. The takeaway.
Money Talk
JUNE 29, 2022
We are almost at the halfway mark of 2022, which makes this a perfect time to assess your financial progress and take action over the next six months. In it, I urged a review of tax deductions/credits, tax withholding, budgeting/cash flow, flexible spending accounts, financial goal progress, and investment portfolio status.
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Griffin Benefits
JULY 5, 2023
In fact, after raising the prices of more than 1,400 prescription drugs in 2022, pharmaceutical companies started 2023 off with a 5% increase for more than 450 medications. One solution means looking inward: transitioning from the fully funded model of healthcare benefits to self-funded health plans featuring stop-loss insurance.
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. The most recent poll by Gallup found that 38% of those surveyed said they or a family member had delayed care in 2022 due to high costs.
Benefit Resource Inc.
JANUARY 3, 2022
Even with health insurance, labor and delivery can cost around $5,000, and without insurance, it can be upwards of $40,000. Switch to a high-deductible health plan. The IRS announced 2022 contribution limits, which are $3,650 for an individual and $7,300 for a family. Let’s Start from the Beginning.
Money Talk
APRIL 14, 2022
With income tax calculations still fresh in our heads, this is a great time to do some tax planning for 2022. Here are 12 tax topics to consider: Itemized Deductions- Only about 10% of taxpayers can itemize since the Tax Cuts and Jobs Act went into effect in 2018. 401(k), 403(b), 457, TSP).
Money Talk
AUGUST 3, 2022
Consider Tax-Saving Gifts - Only about 10% of taxpayers today can itemize deductions and it generally requires a plan to aggregate sufficient deductible expenses that exceed the standard deduction amount ($12,950 for singles and $25,900 for married couples filing jointly). For tax-advantaged accounts (e.g.,
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