The Internal Revenue Service has done a very good thing. On April 26, 2018 it issued new guidance that will allow individuals with family coverage to contribute $6,900 to their HSAs for 2018 without penalty. You may recall that the IRS created a bit of a firestorm on March 5, 2018 when it issued guidance…
“Mr. HSA” Finalizes 2019 HSA Projections
As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 13 years. With the April 11 release of the March inflation figures by the Bureau of…
IRS Adjusts 2018 HSA Amounts Due to Tax Reform
In my January 15 blog post I mentioned that the tax reform law (P.L. 115-97) changed the annual inflation adjustment factor from the “Consumer Price Index” (CPI) to a new factor known as “chained CPI.” While the change is effective for calendar year 2018, even I didn’t expect the change to impact the HSA amounts…
“Mr. HSA” Projects 2019 HSA Amounts
As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 12 years. With the January 12 release of the December inflation figures by the Bureau of…
“Mr. HSA” Finalizes 2018 HSA Amounts
As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 11 years. With today’s release of the March inflation figures by the Bureau of Labor Statistics,…
“Mr. HSA” Projects 2018 HSA Amounts
As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 11 years. With today’s release of the December inflation figures by the Bureau of Labor Statistics,…
“Mr. HSA” Finalizes 2017 HSA Amounts
As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 10 years. With today’s release of the March inflation figures by the Bureau of Labor Statistics,…
Part III: Hatch-Paulsen “Gold Standard” HSA Bill Summary
On February 4, 2016, Sen. Orrin Hatch (R-UT) and Rep. Erik Paulsen (R-MN) introduced legislation (click on the bill numbers for the legislative language and other pertinent information: S. 2499 / H.R. 4469) that the HSA industry considers the “gold standard” for changes to the HSA program. This is the third in a series of…
Part II: Hatch-Paulsen “Gold Standard” HSA Bill Summary
On February 4, 2016, Sen. Orrin Hatch (R-UT) and Rep. Erik Paulsen (R-MN) introduced legislation (click on the bill numbers for the legislative language and other pertinent information: S. 2499 / H.R. 4469) that the HSA industry considers the “gold standard” for changes to the HSA program. This is the second in a series of…
Part I: Hatch-Paulsen “Gold Standard” HSA Bill Summary
On February 4, 2016, Sen. Orrin Hatch (R-UT) and Rep. Erik Paulsen (R-MN) introduced legislation (click on the bill numbers for the legislative language and other pertinent information: S. 2499 / H.R. 4469) that the HSA industry considers the “gold standard” for changes to the HSA program. Over the next several weeks I will post…
