health savings accounts: Group Health Insurance Shopping Tip's
- 09/13/08 07:03 PM
As the fall season approaches, many large and small companies will begin to start shopping for their 2009's employee benefit programs. Typically employers should plan on shopping insurance 60-75 days before the desired effective date.High deductible health plans and Health Savings accounts will continue to be popular. These plans make workers responsible for costs up to a certain amount but then covers most expenses over that. Workers have a greater risk of paying out-of-pocket expenses, but premiums are lower - so their paychecks are higher. Wellness programs encourage them to take care of themselves, ultimately cutting costs for themselves, their employer … (0 comments)
health savings accounts: Health Savings Accounts - What you can / can't use the money for
- 02/07/08 05:37 PM
Health Savings Accounts (HSA) are on the rise again. More companies are also allowing their employees to participate in HSA's. To understand HSA's and how they work, we recommend reviewing that information online. The purpose of this article is to explain what you can do with the money in your Health Savings Account..You can make a contribution into your HSA each year that you are eligible. For 2008, you can contribute up to $2900 for single coverage and $5800 if you elect family coverage.Individuals over age 55 can make an additional contribution of $900. These amounts are adjusted annually for inflation.Your … (1 comments)
health savings accounts: New Limits for 2008 Health Savings Accounts
- 11/27/07 11:26 AM
An Insurance Policy and a Special Savings Account. A Health Savings Account is really a combination of a health insurance policy meeting minimum US Treasury policy design requirements called a High Deductible Health Plan (HDHP) and a separate custodial savings account for future medical expenses called a Health Savings Account (HSA). Congress created the HSA as a way to cover your future medical expenses, and it is subject to IRS regulations and guidelines. A health insurance company or an insurance plan usually provides the qualified health insurance policy. A licensed HSA administrator and financial services company, such as a bank, usually acts … (2 comments)
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As the fall season approaches, many large and small companies will begin to start shopping for their 2009's employee benefit programs. Typically employers should plan on shopping insurance 60-75 days before the desired effective date.High deductible health plans and Health Savings accounts will continue to be popular. These plans make workers responsible for costs up to a certain amount but then covers most expenses over that. Workers have a greater risk of paying out-of-pocket expenses, but premiums are lower - so their paychecks are higher. Wellness programs encourage them to take care of themselves, ultimately cutting costs for themselves, their employer … (0 comments)
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