Health savings accounts — benefits worth fighting for
Employee Benefit News
JANUARY 18, 2023
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Unlock The Hidden Value Of Group Medicare Advantage For 2026
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Top 10 Employee Benefits Certifications for Professionals in 2024
HR Lineup
OCTOBER 21, 2024
Best For: HR professionals, benefits administrators, and insurance agents who handle health insurance plans. It’s perfect for those who manage employee health savings programs. Key Benefits: Specialized training in tax-advantaged savings plans like HSAs, FSAs, and HRAs.
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Vast majority of HSA savers skip the investing option
Employee Benefit News
JUNE 20, 2025
Despite health savings accounts being highly tax-advantaged, most savers do not fully utilize their unique benefits, new data from the Employee Benefit Research Institute shows.
Using an HSA to Save for Health Care in Retirement
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Saving for retirement is no easy task, and as an employer we know you want to help your employees get what they need out of their retirement benefits. With a health savings account (HSA), you can relieve the burden of health care costs for both you and your employees.
From HSA saver to HSA investor: See the full potential of your health savings account
WEX Inc.
FEBRUARY 18, 2025
Health savings accounts (HSAs) are widely recognized for their triple tax advantagespre-tax contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. Yet, many HSA holders miss out on one of the most powerful aspects of these accounts: investing.
Pros and cons of Health Savings Accounts
Higginbotham
JUNE 16, 2025
Health Savings Accounts (HSAs) have become an increasingly popular component of employee benefits packages, offering potential tax advantages while helping employees to save for medical expenses. What is a Health Savings Account? One significant advantage of HSAs is their portability.
Health Savings Accounts (HSAs) and Medicare: Eligibility, contributions and more
Higginbotham
MARCH 24, 2025
Health Savings Accounts (HSAs) can be a flexible and tax-advantaged way to pay for health care costs. You can build up your HSA with pre-tax contributions and use it for qualified health expenses. If you have qualified employer-sponsored health insurance, you may want to delay Medicare enrollment past age 65.
Health Savings Accounts (HSAs) - 10 FAQs
PeopleKeep
JUNE 23, 2020
The popularity of Health Savings Accounts has surged dramatically in recent years. According to a report by Devenir Research , there are now over 26 million health savings accounts, holding $61.7 billion in assets. But what are HSAs, and why are they so popular?
Celebrating 20 Years of Health Savings Accounts
Benefit Resource Inc.
DECEMBER 8, 2023
As we celebrate the 20th anniversary of Health Savings Accounts (HSAs), it’s time to reflect on the transformative impact this financial tool has had on healthcare and personal finance. 20 Years and Counting Health Savings Accounts have come a long way since their inception 20 years ago.
The unexpected perks of an HSA: 3 things employees should know
Employee Benefit News
JULY 16, 2024
Employers can give their workforce a new outlook on the benefits of health savings accounts.
IRS Announces 2026 Limits for Health Savings Accounts, High-Deductible Health Plans, and Excepted Benefit HRAs
McDermott Will & Emery Employee Benefits
MAY 6, 2025
The Internal Revenue Service recently announced cost-of-living adjustments to the applicable dollar limits for health savings accounts, high-deductible health plans, and excepted benefit health reimbursement arrangements for 2026. Read more here.
IRS Announces 2025 Limits for Health Savings Accounts, High-Deductible Health Plans and Excepted Benefit HRAs
McDermott Will & Emery Employee Benefits
MAY 9, 2024
The Internal Revenue Service (IRS) recently announced (see Revenue Procedure 2024-25) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2025.
IRS Sets Health Savings Account Maximums for 2023
InterWest Insurance Services
MAY 12, 2022
The IRS has announced significantly higher health savings account contribution limits for 2023, with the amount increasing more than 5% for individual HSA plans. The IRS also announced rises in the maximum contribution amounts to excepted-benefit health reimbursement arrangements (HRAs).
HSA vs. FSA: See how you’ll save with each
WEX Inc.
NOVEMBER 14, 2024
Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Health savings account An HSA is an individually owned benefits plan funded by you or your employer that lets you save on purchases of eligible expenses.
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IRS Announces 2024 Limits for Health Savings Accounts, High-Deductible Health Plans and Excepted Benefit HRAs
McDermott Will & Emery Employee Benefits
MAY 17, 2023
Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2023-23) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2024.
IRS Announces 2023 Limits for Health Savings Accounts, High-Deductible Health Plans and Excepted Benefit HRAs
McDermott Will & Emery Employee Benefits
APRIL 29, 2022
Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2022-24) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2023.
Support your employees’ fertility benefit needs with an HSA or FSA
WEX Inc.
AUGUST 29, 2024
And did you know that a variety of fertility and infertility treatments are eligible for health savings account (HSA) and medical flexible spending account (FSA) funds? Reasons can vary, which is why wide-ranging fertility benefits can also improve the lives of any adult wanting to start a family.
Your HSA and your tax return: 4 tips for filing
WEX Inc.
MARCH 12, 2025
We wanted to share a few tips and reminders about the health savings account (HSA) information youll need for your tax return. Prepare to report distributions and contributions using tax Form 8889 Form 8889 is used to report any distributions from and contributions to your health savings account.
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IRS Announces HSA Limits for 2025
PayrollOrg
MAY 10, 2024
The IRS announced the 2025 maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits and deductible minimums for high deductible health plans that must be used in conjunction with HSAs.
Vision expenses piling up? Use your HSA or FSA
WEX Inc.
SEPTEMBER 19, 2024
Visual health is a vital component of overall well-being, and unexpected eye-related expenses can put a strain on your finances. However, for participants of health savings accounts (HSAs) or medical flexible spending accounts (FSAs) , there are ways to alleviate the financial burden associated with vision-related costs.
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4 considerations when choosing employee benefits for the first time
WEX Inc.
OCTOBER 2, 2024
Understanding HSAs The number of health savings accounts (HSAs) has doubled nationwide in the last seven years , as more Americans turn to these accounts as a way to save on healthcare costs and prepare for retirement.
2025 employee benefits trends: What employers need to know
WEX Inc.
NOVEMBER 21, 2024
Beyond the traditional 401(k) match , some employers are introducing student loan repayment matching , helping employees reduce debt while saving for retirement. Post-election benefits changes Election years often bring regulatory shifts that affect employee benefits, and 2025 will likely be no exception.
It’s July. Have you performed an HSA midyear check-in?
WEX Inc.
JULY 9, 2024
Does your health savings account (HSA) have enough funds to carry you through the second half of the year? And, if it does, is there more you could be doing to grow those funds? Perform your HSA midyear check!
The top 3 benefits employees told us they want education on
WEX Inc.
OCTOBER 30, 2024
Health savings accounts (HSAs) HSA participants save money by contributing funds to their HSA pre-tax. One of the questions we asked: What benefit would you like to learn more about? The funds are then available for use on eligible expenses.
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Three tips to help employees reduce taxes with an HSA
Employee Benefit News
APRIL 2, 2024
Help employees save money by educating them on contributions and eligible items for their health savings accounts.
What happens to employee benefits plans when you elect COBRA?
WEX Inc.
JANUARY 6, 2025
And election of COBRA can affect your ability to use the reimbursement accounts in which you were participating prior to your COBRA eligibility. Health savings account (HSA) HSAs are individually owned accounts, so your HSA will stay with you no matter whether or how you qualify for COBRA.
IRS Loosens Preventive Care Coverage Rules
InterWest Insurance Services
DECEMBER 5, 2024
The above will be added to the other preventive care expenditures that health plans are required to cover under the ACA. Under notice 2024-71, flexible spending arrangements, health reimbursement accounts and health savings accounts will be required to reimburse for the cost of condoms.
HRA vs. HSA: Which Is Better to Offer Your Team?
Patriot Software
JUNE 23, 2025
There are several health benefits you can provide, including HRAs and HSAs. HSAs (health savings accounts) and HRAs (health reimbursement arrangements) are […] Read More What’s the difference between an HRA vs. HSA? HRA vs. HSA: What’s the difference?
Building a Secure Future with Health Savings Accounts
Benefit Resource Inc.
MAY 15, 2024
One choice that sticks out in the ever-changing world of employee benefits for both employers and employees is a Health Savings Account (HSA). With the right education and communication, you can help unlock the full potential of HSA savings and build a more secure future for your organization and your workforce.
2025 FSA limits and commuter limits announced
WEX Inc.
OCTOBER 22, 2024
The available adoption credit begins to phase out for taxpayers with modified adjusted gross income in excess of $259,190 and is completely phased out for taxpayers with modified adjusted gross income of $299,190 or more.
IRS Releases 2026 Limits for HSAs and Excepted Benefit HRAs
McDermott Will & Emery Employee Benefits
JUNE 10, 2025
It includes Revenue Procedure 2025-19, which provides the 2026 inflation-adjusted amounts for health savings accounts (HSAs) as determined under Code § 223, as well as the maximum amount that may be made newly available for excepted benefit health reimbursement arrangements (HRAs) […]
Mid-Year Financial Tweaks and Tasks
Money Talk
JUNE 28, 2023
Consider completing the paperwork needed to save more money from July to December in your employer’s tax-deferred retirement savings plan. Even 1% more of pay in savings adds up over time. Health Savings Account (HSA) Tweak - By mid-year, you know what you already spent for health care services through June.
Miscellaneous Nuggets From Conferences Past
Money Talk
APRIL 28, 2022
Health Savings Accounts - One study found that the tax savings on many employees’ contributions to a health savings account (HSA) increases wealth by more than an employer match on the same employees’ 401(k) contributions. listening to podcasts while walking).
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Winter eligible expenses for your HSA and FSA funds
WEX Inc.
DECEMBER 11, 2024
Fortunately, health savings accounts (HSAs) and flexible spending accounts (FSAs) cover many common winter eligible expenses you might turn to this time of year! For many, winter is as synonymous for snowflakes as it is for sinus problems. Weve compiled a few common seasonal issues and eligible expenses that can help.
How much should I contribute to my HSA?
WEX Inc.
MARCH 20, 2025
How much should I contribute to my health savings account (HSA) each month? If youre covered by an HSA-eligible health plan (or high-deductible health plan ), the IRS allows you to put as much as $4,300 per year (in 2025) into your health savings account (HSA). What is an HSA?
Virtual Care Policy Update: What to Expect in Lame Duck
McDermott Will & Emery Employee Benefits
NOVEMBER 19, 2024
The Consolidated Appropriations Act (CAA), 2023 (Public Law 117-328), extended certain key virtual care flexibilities instituted during the COVID-19 public health emergency through December 31, 2024. This includes the telehealth safe harbor for health savings account-eligible high deductible health plans.
Gain financial independence through employee benefits
WEX Inc.
JULY 1, 2025
Maximize your health savings account (HSA) An HSA isn’t just for covering medical expenses—it’s a helpful weapon for financial independence. An HSA can help you save for healthcare costs today while also serving as a long-term investment vehicle for retirement. Here’s how: 1.
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2026 HSA Contribution, HDHP Cost-Sharing Limits
InterWest Insurance Services
MAY 29, 2025
The IRS has announced slightly higher health savings account contribution limits for 2026, with the amount increasing 2.3% The IRS updates this amount annually, along with minimum deductibles and out-of-pocket maximums for high-deductible health plans. for individual HSA plans.
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Ten Tax Planning Tips for 2022
Money Talk
MAY 18, 2022
Five examples are tax-loss harvesting, Roth IRA conversions, qualified charitable contributions (age 70½ +), setting up a donor advised fund, and increased contributions to a tax-deferred retirement savings plan, health savings account or HSA (if eligible), or flexible spending account or FSA (if available).
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Empower employees with financial wellness: The role of HSAs and LSAs
WEX Inc.
JUNE 24, 2025
Among the most powerful tools in the financial wellness toolkit are health savings accounts (HSAs) and lifestyle spending accounts (LSAs). Employers who provide meaningful financial wellness benefits can give their workforce a competitive edge, reducing stress and creating a more engaged, productive team.
Why Gen Z and millennials should embrace HSAs
WEX Inc.
JULY 8, 2025
In today’s world where financial security feels increasingly elusive, Gen Z and millennials are rewriting the playbook on how they save, spend, and invest. Yet, one of the most underutilized tools in their financial arsenal is the health savings account (HSA).
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Learn the dos and don’ts of open enrollment
WEX Inc.
SEPTEMBER 18, 2024
Increasingly, employers are offering their employees both HSA-eligible health plans (or high-deductible health plans ) and traditional health plans. If you rarely go to the doctor or would like to enroll in a health savings account (HSA) , an HSA-eligible health plan may be right for you!
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Election year impact: What’s next for employee benefits?
WEX Inc.
OCTOBER 17, 2024
How past elections shaped policy From the creation of health savings accounts (HSAs) under the Medicare Modernization Act of 2003 to the Affordable Care Act (ACA) under President Obama, election cycles have repeatedly sparked discussions about healthcare reform.
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