• IRS Sets New 2019 Limits for Group Plans and HDHP/HSA Plans

    July 11, 2018 | Blog

    The Internal Revenue Service (IRS) has recently released the 2019 cost-of-living adjusted limits for group plans, high deductible health plans (HDHPs), and health savings accounts (HSAs). Below are the details: HSA Contribution Limits. The 2019 annual HSA contribution limit is $3,500 for individuals with self-only HDHP coverage (a $50 increase from 2018), and $7,000 for End excerpt

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  • IRS Lowers HSA Limit Due to New Tax Law

    March 9, 2018 | Blog

    IRS Lowers 2018 Family HSA Contribution Limit by $50 The IRS has recalculated the HSA limit due to the Tax Cuts and Jobs Act that passed in late 2017. The 2018 contribution limit for health savings accounts (HSAs) will be $6,850—not $6,900. On 3/5/18 the IRS clarified that: HSAs Annual tax-deductible contribution limit for tax year End excerpt

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  • Important Notice: Maryland-based employers who renewed or began health coverage 1/1/18

    January 4, 2018 | Blog

    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

    October 3, 2017 | Blog

    IRS Sets HDHPs & HSA Limits for 2018. Many are increasing.

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  • ACA Repeal and Replace Dead for 2017: What’s Next?

    September 28, 2017 | Blog

    ACA Repeal and Replace Dead for 2017. Connect with FosterThomas HR for the latest on the ACA

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  • IRS Sets HDHPs & HSA Limits for 2017

    May 2, 2016 | Blog

    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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  • ACA Update: Individ. Out-of-Pocket Max. Will Apply to ALL Non-Grandfathered Plans in 2016

    June 4, 2015 | Blog

    The following information was received from our partner Cigna . We have made minor adjustments to more clearly provide the information to our audience. Individual Out-of-Pocket Maximum Will Apply to All Non-Grandfathered Plans in 2016 On May 26, 2015 the Departments of Health and Human Services (HHS), Labor (DOL) and Treasury issued FAQs clarifying out-of-pocket (OOP) End excerpt

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  • IRS Releases 2016 HSA Guidelines

    June 3, 2015 | Blog

    **Updated with Reference Chart (6/12/15)** See Below The 2016 Health Savings Account (HSA) guidelines were recently released by the IRS. The following information was provided by our partner UHC. The annual deductible for both individuals and families will not change, nor will the annual contribution limits for individuals. However, there will be slight increases in the End excerpt

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  • 2015 Health & Welfare Contribution Limits: FSA, HSA, HDHP, MOOP, PCORI

    January 20, 2015 | Blog

    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

    May 22, 2014 | Blog

      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

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