Tag: HSA

  • New HSA Limits

    November 8, 2019

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    For 2020 the minimum annual deductible is $1,400 for an individual and $2,800 with dependents. The maximum deductible and out-of-pocket costs are $6,900 and $13,800, respectively. The maximum contributions are $3,550 for an individual and $7,100 with dependents. Those aged 55 or above are still allowed to contribute an additional $1,000 per year.

  • New HSA Limits Announced

    July 26, 2019

    Tags: ,

    Effective 2020 the allowable contribution for an individual HSA is $3,550 and for a family it is $7,100.

    You can use them until you can’t – and then you must let them go – Commuter Benefits 

    In Information Letter 2019-02, the IRS has confirmed that unused transportation benefits will be forfeited when an employee terminates employment.  It does not matter how much or why – when the employee is no longer actively employed, the remaining balance in the account is forfeited.

  • New HSA Limits

    November 8, 2019

    Tags: ,

    For 2020 the minimum annual deductible is $1,400 for an individual and $2,800 with dependents. The maximum deductible and out-of-pocket costs are $6,900 and $13,800, respectively. The maximum contributions are $3,550 for an individual and $7,100 with dependents. Those aged 55 or above are still allowed to contribute an additional $1,000 per year.

  • New HSA Limits Announced

    July 26, 2019

    Tags: ,

    Effective 2020 the allowable contribution for an individual HSA is $3,550 and for a family it is $7,100.

    You can use them until you can’t – and then you must let them go – Commuter Benefits 

    In Information Letter 2019-02, the IRS has confirmed that unused transportation benefits will be forfeited when an employee terminates employment.  It does not matter how much or why – when the employee is no longer actively employed, the remaining balance in the account is forfeited.

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