Remove 2022-hsa-contribution-limits
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Happy 2023! Get educated with our top 2022 blog posts

WEX Inc.

To kick off another year of providing you with the employee benefits tips and information you need, we wanted to look back at your favorite blog posts from the last year. Here are our top 10 blog posts from 2022: Your HSA when you change jobs Were you among the 20% of workers expected to quit their jobs in 2022?

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2024 HSA contribution limits increase to $4,150, $8,300

WEX Inc.

Key takeaways - 2024 HSA contribution limits 2024 HSA contribution limits will increase to $4,150 and $8,300 for self-only and family HSAs, respectively. 2024 HDHP minimum deductible and maximum out-of-pocket limits also are increasing. What are the 2024 HSA contribution limits?

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HSA vs. FSA: See how you’ll save with each

WEX Inc.

Participating in a health savings account (HSA) or flexible spending account (FSA) is a great way to save money. Below, we’ve outlined the key differences of an HSA vs. FSA so you can see how they work, the advantages to each, and why you should participate in them. Key differences between HSA vs. FSA Ownership: You own your HSA.

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4 HDHP trends you don't want to miss

WEX Inc.

But there are still misunderstandings that exist among employees about the significant value of an HDHP (or HSA-eligible health plan) and how it compares to a traditional health plan. For example, the 2022 PPO employee-only deductible averaged $1,322 and the 2022 HDHP annual deductible limit was $1,400 for an individual.

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Is an HSA the New 401(k) When It Comes to Retirement ROI?

Extensis

Often, health savings accounts (HSAs) get grouped in with flexible spending accounts (FSAs) and leave people in the dark about what each actually offers. An HSA presents significant cost-saving benefits for both employers and employees. So, does this really make an HSA the new 401(k) ? Yes and no. Provide ongoing education.

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What Brokers Should Know About the New CAA Guidelines

Extensis

On December 29, 2022, the Consolidated Appropriations Act (CAA 23) was enacted with several new measures regarding employee benefits and retirement plans in place. Act of 2022. This has authorized employers to provide pre-deductible coverage for telehealth services with HDHPs during a time when in-person visits were limited.

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Retirement Planning for Millennials: How Employers Can Help

Extensis

The following four tactics are all things that companies can provide to contribute to millennials’ retirement preparation. Bank of America’s 2022 Financial Life Benefits Impact Report found that: 54% of millennials participate in a 401(k) plan, versus 65% of Generation X (Gen X) and 59% of Baby Boomers. Offer a 401(k) plan.