Editor’s Picks June 3, 2008
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What on Earth Is a Health Savings Account?
independent.com, June 1, 2008
It’s like having the U.S. Treasury subsidize your health care. With an HSA-qualified deductible plan, you get lower monthly premiums in exchange for a higher annual deductible. Unlike a traditional deductible plan, once you are enrolled in an HSA-qualified plan, you have the opportunity to open an HSA and fund it. These funds can be used to pay for current or future qualified medical expenses. (Read More)
IRS Releases 2009 Health Savings Account Limits.
mondaq.com,
On May 13, 2008, the Internal Revenue Service (IRS) released Revenue Procedure 2008-29, establishing the 2009 annual Health Savings Account (HSA) contribution limitations and High Deductible Health Care (HDHC) plan limitations (adjusted for inflation) for qualified Health Savings Accounts (HSA). The limitations are effective for calendar year 2009. (Read More)
Health Savings Accounts Continue to Draw Interest.
bizjournals.com, May 16, 2008
The Mountain States Employers Council survey also shows a steady rise in the number of companies offering health-reimbursement accounts, or HRAs. The Denver-based group also found 18 percent of employers surveyed offer an HSA, up from 15 percent last year and from 7 percent in 2006. (Read More)