HSA Archives - Altiqe Consulting

Put Money into an HSA instead of a 401(k) After Employer Matching: Report

3 minute read One of the main recommendations for employees with 401(k) plans is that they should contribute at least enough to their plan every paycheck to ensure they receive the maximum they can in their employer’s matching contributions. But a new study by Willis Towers Watson recommends that younger, healthier workers should divert savings […]

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IRS Allows HDHPs to Pay for COVID-19 Testing, Treatment Pre-Deductible

Uncategorized / [email protected]

The IRS has issued new emergency guidance that allows insurers to waive the cost of coronavirus testing and treatment for individuals who are enrolled in high-deductible health plans (HDHPs). Major health insurers report they’ve been concerned that if they can make the change to their high-deductible plans without breaching IRS regulations regarding such plans. Specifically,

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New Health Savings Account, HDHP limits for 2020

Healthcare / [email protected]

The IRS has announced new health savings account contribution maximums for the 2020 health insurance plan year. Employees who have an HSA linked to a high-deductible health plan (HDHP) will be able to contribute to their HSA up to a certain level to help pay for health care and pharmaceutical expenses. Funds going into your

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Few Employees Get the Most out of Their Health Savings Accounts

Healthcare / [email protected]

While many health benefits advisers have been recommending that employees with health savings accounts use them as savings vehicles that can be tapped for future medical care, a new study finds that most people are spending the bulk of the funds. The study by Willis Towers Watson found that 65% of workers were using their

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