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Celebrating 20 Years of Health Savings Accounts

Benefit Resource Inc.

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.

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IRS Sets Health Savings Account Maximums for 2023

InterWest Insurance Services

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).

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Health Savings Accounts (HSAs) - 10 FAQs

PeopleKeep

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?

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How to Maximize Your Health Savings Account

Benefit Resource Inc.

Health savings accounts (HSAs) allow employees to save and build wealth for future medical costs. These incentives can help encourage healthy financial habits among employees while allowing them to maximize their savings potential with an HSA account. The Benefit of an HSA. HSAs Are A Win For All.

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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

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.

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Your Tax Guide to Health Savings Accounts

Benefit Resource Inc.

As an employee with a Health Savings Account (HSA), knowing what you need to report during tax season is important. Do you have additional pre-tax accounts and have questions about their tax implications as well? Click Here The post Your Tax Guide to Health Savings Accounts appeared first on BRI | Benefit Resource.

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What You Need to Know About Health Savings Accounts

Benefit Resource Inc.

Health Savings Accounts (HSAs) are tax-advantaged accounts that allow you to pay for medical expenses now and in the future. Whether you already have an HSA or are looking at this account for the first time, BRI is here to share why we love this account so much. HSAs Are Not Use-It-Or-Lose.