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HSA Insights

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HealthSavings Administrators Publishes “A Guide to Health Savings Accounts and Medicare”

HealthSavings Administrators and Paul Verberne, Esq., of Verberne x Maldonado, LLP, have created “A Guide to Health Savings Accounts and Medicare”— a free, 26-page resource covering the basics of health savings accounts (HSAs) and Medicare, as well as how each program impacts the other. Among the top 1% of the nation’s HSA investment companies in…

Author: Ginny Latham

HSAs Well Poised For Future Benefit Packages

In June, I attended the 70th annual Plan Sponsor Council of America (PSCA) conference. The PSCA is celebrating 70 years of caring for employees and protecting their retirement benefits, and it was truly moving to hear about their history in the opening session. They’ve been at the forefront of the retirement and benefit discussion for…

Author: Pat Jarrett

High Deductible Health Plans and HSAs: Motivating Participants To Think Like Consumers

Health savings accounts (HSAs) continue to grow in popularity. For many employers and employees, it’s not a question of if they should have an HSA or not, it’s a question of when they’ll make the move. And the rationale for adopting an HSA is becoming stronger every day. A recent survey 1 by the Employee…

Author: Pat Jarrett

HealthSavings Administrators Launches InvestorSELECT HSA, Featuring First-Dollar Investing in Nearly 400 Available Funds

HealthSavings Administrators proudly announces the launch of its most flexible and robust HSA product—InvestorSELECT HSA. The InvestorSELECT HSA offers first-dollar investing in nearly 400 available funds—one of the largest HSA fund lists currently on the national market. At a glance, top benefits include: First-dollar investment, with no minimum balance required Nearly 400 funds to choose…

Author: Ginny Latham

IRS Form 5498s Now Available

The IRS Form 5498 is used to report contributions made to a health savings account (HSA) for a specific tax year. Form 5498s for the 2016 tax year are ready to be viewed online using the instructions below. HOW TO VIEW YOUR FORM 5498 ONLINE Go to http://healthsavings.com/login/ Click Member Portal and login Go to…

Author: Ginny Latham

New White Paper: Do Your Employees Know About HSAs?

HealthSavings Administrators has released a white paper that situates the health savings account as a unique tool in saving for retirement. The paper highlights the benefits of an HSA when it’s viewed as a “Medical 401k” rather than a simple savings account for individuals with a high deductible health plan, and provides examples of ways…

Author: Ginny Latham

New Infographic: EBRI Insights On The State Of HSAs

For the past three years, the Employee Benefit Research Institute (EBRI) has released an Issue Brief providing insights on the state of health savings accounts (HSAs). The data below show that HSAs are growing in popularity, but the full investment potential is not being maximized. Download JPG | Download PDF

Author: Ginny Latham

How The Recently Passed House Bill Would Impact HSAs

The American Health Care Act recently passed in the House would be good news for health savings account (HSA) owners; however, as written, the bill may not provide the help some had hoped for. One change would be that spouses could now make their catch-up contributions into one HSA, saving the expense of opening a second…

Author: Pat Jarrett

IRS Announces 2018 Contribution Limits

The Internal Revenue Service has announced the 2018 HSA contribution limits. The new single coverage contribution limit is $3,450 (up from $3,400 in 2017) and the family coverage contribution limit is $6,900 (up from $6,750 in 2017). Both contribution limits are effective for calendar year 2018.

Author: Ginny Latham

House Republican Plan Would Match HSA Contribution Limits with HDHP Out-of-Pocket Caps

In response to Obamacare, House Republicans revealed their proposed American Health Care Act on March 7, 2017, and the bill includes boons for health savings accounts (HSA). Provided the bill meets House approval, it would still need to pass the Senate, which is currently entertaining alternative solutions, including a bill to create Roth (after-tax funding)…

Author: Jenny Chu