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HSA Growth Infographic
Lively · August 16, 2018 · 1 min read
The rapid expansion of HSAs has been driven by rising healthcare costs leading to a popularity of HSA-eligible healthcare plans.
Employers continue to promote HSA-eligible health plans, like high deductible health plans (HDHPs), to drive lower costs while offering competitive healthcare benefits solutions.
Not surprising, the average employer cost of HSA-eligible health plans is 13% lower than traditional health plans like PPOs.
With this trend, are we headed toward universal HSA adoption, similar to that of 401(k)? We might not be there yet, but the trend seems to indicate that it’s possible.
Healthcare costs (and premiums) continue to rise, faster than inflation, leaving many Americans looking for new healthcare options to keep costs down.
You can download the infographic here.
Benefits
2024 and 2025 HSA Maximum Contribution Limits
Lively · May 9, 2024 · 3 min read
On May 9, 2024 the Internal Revenue Service announced the HSA contribution limits for 2025. For 2025 HSA-eligible account holders are allowed to contribute: $4,300 for individual coverage and $8,500 for family coverage. If you are 55 years or older, you’re still eligible to contribute an extra $1,000 catch-up contribution.
Benefits
What is the Difference Between a Flexible Spending Account and a Health Savings Account?
Lauren Hargrave · February 9, 2024 · 12 min read
A Health Savings Account (HSA) and Healthcare Flexible Spending Account (FSA) provide up to 30% savings on out-of-pocket healthcare expenses. That’s good news. Except you can’t contribute to an HSA and Healthcare FSA at the same time. So what if your employer offers both benefits? How do you choose which account type is best for you? Let’s explore the advantages of each to help you decide which wins in HSA vs FSA.
Health Savings Accounts
Ways Health Savings Account Matching Benefits Employers
Lauren Hargrave · October 13, 2023 · 7 min read
Employers need employees to adopt and engage with their benefits and one way to encourage employees to adopt and contribute to (i.e. engage with) an HSA, is for employers to match employees’ contributions.
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