InterWest Insurance Services
MAY 12, 2022
The IRS has announced significantly higher health savings account contribution limits for 2023, with the amount increasing more than 5% for individual HSA plans. The IRS also announced rises in the maximum contribution amounts to excepted-benefit health reimbursement arrangements (HRAs).
Money Talk
JUNE 28, 2023
Consider completing the paperwork needed to save more money from July to December in your employer’s tax-deferred retirement savings plan. Even 1% more of pay in savings adds up over time. Health Savings Account (HSA) Tweak - By mid-year, you know what you already spent for health care services through June.
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PeopleKeep
JULY 10, 2024
Health savings accounts (HSAs) and traditional health insurance plans are two common options for managing healthcare expenses, but they have some key differences. In this article, we'll go over how HSAs and health insurance compare.
InterWest Insurance Services
JANUARY 17, 2023
How Medicare eligibility affects health savings accounts. Discontinuing group health coverage. If you decide to keep them on the company’s plan, how you handle their insurance depends on your size: Fewer than 20 employees — Employees who work for these firms will need to enroll in Medicare when they turn 65.
Benefit Resource Inc.
DECEMBER 21, 2022
Health savings accounts (HSAs) allow employees to save and build wealth for future medical costs. Employers should also consider offering incentives such as matching contributions or discounted premiums on health insurance plans if employees choose to use an HSA instead of a traditional health care plan.
InterWest Insurance Services
SEPTEMBER 9, 2022
Even though the majority of workers receive health insurance coverage on the job, a new survey has found that many of them understand surprisingly little about their health plans and are leaving money on the table. Most health plans do not cover out-of-network care. Despite that, 23% chose the higher premium plan anyway.
InterWest Insurance Services
APRIL 27, 2022
Surprise bills and billing errors are driving growing dissatisfaction among Millennials and Gen Zers with their health insurance, a new study has found. Already facing outsized medical cost hits, an increase in billing mistakes and surprise bills is contributing to a dim view of health insurance among Millennials and Gen Zers.
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