Federal Changes to HRA, HSA, and FSA for 2024

Federal Changes to HRA, HSA, and FSA for 2024

There have been federal changes to Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), and Flexible Spending Accounts (FSAs) play important roles in managing healthcare expenses for both individuals and employers. These accounts offer different tax advantages and financial benefits, but it’s critical to stay updated on the rules and regulations governing them. If you’re […]
2024 Inflation-Adjustment Amounts for HSAs

2024 Inflation-Adjustment Amounts for HSAs

A Health Savings Account (HSA) is a tax-exempt savings account that can be used to pay for certain medical expenses. HSAs are only available with certain high-deductible health plans. With an HSA plan individuals are allowed to put money away and withdraw it tax-free, for qualified medical expenses. Individuals using untaxed dollars in an HSA […]
Health Savings vs. Health Reimbursement

Health Savings vs. Health Reimbursement

  You know offering health care to your employees is important, but do you know which plan is the best one to offer? In the debate of health savings accounts vs. health reimbursement agreements, how do you know which is the best option for your business? The answer, of course, depends on your employee’s needs. […]

Why Your High Deductible Health Plan Will Fail

High deductible health plans (HDHPs) are becoming a popular health plan offering among employers nationwide.  HDHPs can encourage employees to spend their health dollars wisely and can motivate them to take charge of their own health and wellness.  To maximize the odds that your HDHP will be a success, avoid making these five common mistakes. […]