The IRS has announced the 2017 annual contribution amounts for Health Savings Accounts (HSAs). Individuals: In 2017, the maximum annual contribution will be $3,400 Families: In 2017, the maximum annual contribution will be $6,750 This represents a $50 increase for individuals over the 2016 contribution limit. However, the limit for families is not being changed. [...]Continue Reading →
Posts Tagged 'consumer-directed health plans'
We are happy to announce that the latest animated video in the “Know Your Benefits” employee communication series is now available for download. Entitled “Know Where to Go – Choosing the Right Health Care Provider“, this video provides guidelines on when employees should head to their doctor’s office, visit urgent care, or take a trip [...]Continue Reading →
On May 4th, 2015, the IRS released the contribution limits for Health Savings Accounts (HSAs) for calendar year 2016. While the limits have been increased gradually over the past couple of years, only some of the HSA limits will increase for 2016. The following table illustrates the 2015/2016 comparisons for HSA limits: We hope that [...]Continue Reading →
Is your company introducing a Health Savings Account (HSA) during its next Open Enrollment period for employee benefits? If so, employee education will be a major contributing factor to the success of your efforts. In fact, a recent Wall Street Journal article highlighted two statistics from a Fidelity survey that speaks to that point: 62% of Americans [...]Continue Reading →
With the fall season soon approaching, the thoughts of many employers have turned towards their employee benefits open enrollment period. According to a report, one significant way employers will seek to manage health care costs in 2015 is through consumer-driven health plans. The article, which highlights a recent survey from the National Business Group on Health, [...]Continue Reading →
How happy are your employees with the current benefits being offered by your organization? According to a recent study by Unum, “employee ratings of their workplaces and benefits packages are at their lowest levels since 2008.” In addition, only 33 percent of employees rated the benefits education they received in the past year as excellent or [...]Continue Reading →
With enrollment in consumer-directed health plans (CDHP) continuing to rise — according to various reports, enrollment has more than doubled since 2008 — it’s important that the companies offering these plans take steps to ensure they will succeed. Below are three areas where companies need to strategically take action. Increase Educational Efforts One of the key [...]Continue Reading →