Health Savings Accounts (HSA) are increasingly popular. As the only triple-tax advantage vehicle, they continue to attract more and more consumers of healthcare each year.
Under an HSA, consumers make tax-free contributions (up to the annual maximum below), enjoy tax-free growth in an investment account (if applicable) and pay no taxes when the money is spent on qualified medical expenses.
For those employers and employees preparing for next calendar year, we’ve put together the chart below:
|HDHP Minimum Deductible|
|HDHP Maximum Out-of-Pocket|
|HSA Contribution Limit|
|HSA 55 + Contribution|
Read More Compliance Articles:
- DFEH Releases Resources for California SB 1343 Harassment Training Requirements
- OSHA Reminder: California Employers Required to Submit Form 300A Data by December 31, 2018
- District Court Judge in Texas Upholds ACA is Unlawful—Law Remains in Force as Case Moves Forward in the Courts
- Washington State Paid Leave and Medical Leave—Requirements start Jan. 1, 2019
- IRS Provides Extension of Due Dates for 2018 ACA Reporting to Individuals