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Latest Post May 12, 2021

IRS Announces 2022 Health Savings Account (HSA) Limits

On May 10, 2021, the IRS released the 2022 limits for health savings accounts (HSA) and high-deductible health plans (HDHP). Below is a comparison of the 2021 and 2022 limits for HSAs and HDHPs. Interested in learning more about Ameriflex’s HSA administration options? Get in touch with our team for more information.

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Nationwide, many employers are choosing to offer HSAs and HSA-qualified high-deductible health plans. However, employers and employees often have several questions regarding adding an HSA into the mix. Read on to learn the top things you need to know before introducing a successful HSA offering. Q1. What’s the best way to communicate an HSA offering?…

At an orientation session for my first real job out of college, many (many) years ago, an HR manager explained to our new hire class the benefit of investing in the company 401(k) plan. For a 20-something living paycheck to paycheck, seeing any dollar amount, no matter how small, disappear into an investment vehicle instead…

There are three common types of savings account plans employees choose from, depending on what’s offered under their employer’s benefit plan. They are: Flexible Spending Account (FSA) Health Savings Account (HSA) Health Reimbursement Account (HRA) Although they each have their own unique benefits, they are all alike in that they are tax-advantaged. In plain English,…

The provisions of the federal COBRA law provide a valuable benefit to employees. The COBRA acronym is shorthand for the Consolidated Omnibus Budget Reconciliation Act of 1985. It requires employers of 20 or more employees who provide healthcare benefits to offer the option of continuing this coverage to individuals who would otherwise lose their benefits…

Flexible spending accounts (FSA) and health savings accounts (HSA) are creatures of the federal tax code, which is notoriously complicated. To try to make things easier, we in the benefits industry sometimes use shorthand, but sometimes these only complicate things further, especially to those unfamiliar with benefits suchs as FSAs and HSAs. Especially confusing are…