The Internal Revenue Service is granting relief to taxpayers who have family coverage under a high deductible health plan and who contribute to a health savings account.
The IRS sets maximum guidelines for how much an individual or family may contribute to an HSA each year.
On Monday, March 5, the Internal Revenue Service (IRS) issued IRS Bulletin (2018-10), changing the Health Savings Account (HSA) 2018 family contribution limit to $6,850.
Here at Filco we've seen an expanded use of HRA's by employers as a strategy to lower overall cost of their Healthcare plans, while maintaining a reasonable risk profile for their employees out of pocket expenses for the year.
Come talk to us about using this technique with your group and why others are seeing success with it.
Is Healthcare Cost Sharing the Answer?
Republicans talk up the appeal of consumer-directed healthcare spending. This is often a health savings account, or HSA, usually combined with a high-deductible insurance policy. Consumers can save and invest, tax-free, in their HSA and then use that money to pay out-of-pocket costs.