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IRS Announces 2025 HSA, HDHP Limits. Employees will be able to sock away more money in their health savings accounts (HSAs) next year, thanks to rising inflation. The annual limit on HSA ...
2022 Wage Cap Rises to $147,000 for Social Security Payroll Taxes, SHRM Online, October 2021. Health savings account (HSA) contribution limits for 2022 are going up $50 for self-only coverage and ...
The annual limit on HSA contributions for self-only coverage in 2025 will be $4,300, a 3.6 percent increase from the $4,150 limit in 2024, the IRS announced May 9. For family coverage, the HSA ...
For family coverage, the HSA contribution limit jumps to $8,300, up 7.1 percent from $7,750 in 2023. Participants 55 and older can contribute an extra $1,000 to their HSAs. This amount will remain ...
Health savings account (HSA) contribution limits for 2023 are going up significantly in response to the recent inflation surge, the IRS announced April 29, giving employers that sponsor high ...
An authority on health savings accounts (HSAs) advises HR teams to inform employees over age 65 that if they contribute to an HSA during the six-month period before enrolling in Medicare they can ...
HSA contributions in the finance and insurance industry were at $634 for singles and $1,074 for families, 20.7 percent and 18.7 percent above average, respectively. While CDHP offerings were up 8 ...
For family coverage, the HSA contribution limit jumps to $8,300, up 7.1 percent from $7,750 in 2023. Participants 55 and older can contribute an extra $1,000 to their HSAs. This amount will remain ...
Nearly half (46.7 percent) of organizations report they automatically enroll eligible employees in an HSA, according to the Plan Sponsor Council of America's (PSCA) 5th annual HSA survey of more ...
For an employee, HSA benefits include pretax paycheck deductions, tax-free earnings on money in the HSA, and tax-free withdrawals for qualifying health expenses (and, after age 65, the employee ...