The unparalleled flexibility of a health savings account (HSA) has proven to be a popular benefit choice, with the total number of open HSAs increasing nearly five times over the last 10 years alone.
EBC Insights
HSA Implementation Tips to Avoid Common Headaches
Health savings accounts (HSAs) are a versatile benefit that has been growing in popularity due to the unique triple tax savings and investment opportunities. However, offering an HSA to employees for…
HSAs: Managing Expenses and Saving for the Future
A health savings account (HSA) is that can be paired with a qualified high-deductible health plan and offers unique advantages that other types of benefit accounts don’t offer. The unmatched flexibility of HSAs…
From FSA to HSA: HSA Eligibility
How to Avoid Disqualifying Coverage When offering a health savings account (HSA), there are a few eligibility requirements that employers need to keep in mind for participants looking to transition from their standard health flexible spending account (FSA) to an HSA....
HSA Awareness Month is Here!
October is HSA Awareness Month and we’re here to spread the word about health savings accounts (HSAs) and how they help people save for today and tomorrow! When people think about HSAs, they often think of them as a short-term benefit where…
IRS Announces HSA Limits for 2022
The Internal Revenue Service (IRS) has released Revenue Procedure 2021-25 that provides the health savings accounts (HSA) limits and excepted benefit health reimbursement arrangements (EBHRA) for 2022. The 2022 amounts for HSAs as compared…
Reminders for Filing Individual 2020 Tax Returns
On March 17, 2021, the Treasury Department and Internal Revenue Service (IRS) announced that the federal income tax filing due date for individuals for the 2020 tax year is automatically extended from April…
High Deductible Health Plans and Expenses Related to COVID-19
The IRS has issued Notice 2020-15, which provides relief for testing and treatment for the 2019 Novel Coronavirus (COVID-19) from being disqualifying coverage for eligibility to contribute to a…