Employee Benefits
Level Funded Health Plans: Unveiling 5 Game-Changing Benefits | IXSolutions
Discover how to select the right health insurance broker for your
Menu
Each year, the Internal Revenue Service (IRS) makes inflation adjustments to Health Savings Accounts (HSAs) and qualified high deductible health plans (HDHPs). On May 24, 2019, the IRS released Rev. Proc. 2019-25 which included details on the inflation adjustments for 2020. The table below summarizes the maximum contributions to an HSA and the definition of a HDHP:
It should be noted that the maximum out-of-pocket limitations for HDHPs are different (lower) than the maximum out-of-pocket limitations permitted under the Affordable Care Act (ACA). In addition, any employer who has a Health Reimbursement Arrangement (HRA) that provides post-deductible reimbursements will need to ensure the HRA does not provide reimbursements until the minimum deductible has been satisfied ($1,400 for single coverage and $2,800 for family coverage) to preserve HSA eligibility for employees.
Discover how to select the right health insurance broker for your
Explore the importance of offering health benefits plans and how an
Discover how mid size companies can leverage employee benefits for attracting
IXSolutions brings over 30 years of combined experience to the market as Employee Benefits Consultants. We’ve been bringing creative solutions and alternatives to the market since the inception of the Affordable Care Act.
Today, we work with companies, individuals, and Medicare eligible individuals to provide solutions to the complex insurance industry. We are a trusted partner to thousands of clients, brokers, and associations across the country.
