Tag: health reimbursement arrangements
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HRA or HSA – which is better for you? | Benefits Specialist PA
Abridged from www.aetna.com The answer, of course, depends on your needs. But before you can choose, you need to understand the similarities and differences between both types of consumer-directed plans. Encouraging health care consumerism Let’s start with the similarities. The philosophies behind the Health Reimbursement Arrangement (HRA) and the Health Savings Account (HSA) are the…
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IRS Issues 2016 HSA Contribution Limits | Duncansville Benefits Broker
By Stephen Miller CEBS The Internal Revenue Service (IRS) announced limits for 2016 on contributions to health savings accounts (HSAs) and for out-of-pocket spending under high-deductible health plans (HDHPs) linked to them. In Revenue Procedure 2015-30, issued May 5, 2015, the IRS provided the inflation-adjusted HSA contribution and HDHP minimum deductible and out-of-pocket limits, effective…
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