EBC Insights

The Truth About HSAs: Clearing Up Misconceptions

The Truth About HSAs: Clearing Up Misconceptions

With nearly 37.5 million open health savings accounts (HSAs) as of 2023, it’s clear that the accounts are growing in popularity with employees, and with good reason. When used effectively, HSAs can help…

HSA Security: Protect Your Account From Fraud

HSA Security: Protect Your Account From Fraud

Health savings accounts (HSAs) have been rapidly growing in popularity over the last several years, with more than 35.5 million active accounts totaling $104 billion in assets. Since many people…

2024 FSA and Commuter Limits

2024 FSA and Commuter Limits

The IRS has officially announced, under Revenue Procedure 2023-34, the 2024 flexible spending account (FSA) and commuter limits. FSA Limits The Health Care (standard or limited) FSA annual maximum plan contribution limit will increase from $3,050…

Unlocking the Full Potential of an HSA

Unlocking the Full Potential of an HSA

While most employees are familiar with, and may even use, a health savings account (HSA), there’s a good chance they aren’t reaching the full potential of the account. Average contributions are just above the minimum allowable deductible amount…