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HSA Update to Contraceptive Equity Act in Maryland
On 3/5/18 the IRS issued Notice 2018-12, providing transition relief on the issue of male sterilization and HSA accounts. In the notice, the IRS states that: Male Sterilization is NOT preventative care Male Sterilization must include cost sharing payments such as deductibles/co-pays HDHP Policies that mandate payments for male sterilization without cost sharing are NOT End excerpt
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Important Notice: Maryland-based employers who renewed or began health coverage 1/1/18
In 2016, Maryland passed a Contraceptive Equity Act requiring commercial health insurance plans to provide coverage for male sterilization service without a co-payment, co-insurance or deductible.
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IRS Sets HDHPs & HSA Limits for 2018
IRS Sets HDHPs & HSA Limits for 2018. Many are increasing.
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IRS Sets HDHPs & HSA Limits for 2017
The IRS has announced the annual Health Savings Account (HSA) contribution limits and High Deductible Health Plan (HDHP) minimum deductible and maximum out-of-pocket limits that will apply in 2017. Individual contributions can increase from $3,350 to $3,400. Maximum contributions for family plans remain the same at $6,750. High deductible plans in 2017 will be those End excerpt
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2015 Health & Welfare Contribution Limits: FSA, HSA, HDHP, MOOP, PCORI
The IRS previously announced increases to its annual contribution limitations to various health savings accounts, flexible spending accounts and more. This article serves as a brief reminder regarding these increased contributions for 2015. We invite you and your employees to take advantage of these opportunities as savings to better health for your person and bank account. End excerpt
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New Limits for Health Savings Accounts and High Deductible Health Plans Released for 2015
The Internal Revenue Service (IRS) recently released the 2015 limits for Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs) under Section 223. The deductibles, out-of-pocket maximums, and contribution amounts have all increased over the 2014 limits. For your reference, the chart below recaps the limits for 2015 as compared to 2014: *Persons End excerpt
