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IRS Announces 2022 HSA Limits AMERICAN SOCIETY OF …

WEBThe IRS has announced the health savings account (HSA) limits for 2022. The announcement came in IRS Revenue Procedure 2021-25 . HSA Limits. For …

Actived: 6 days ago

URL: https://www.asppa.org/news/irs-announces-2022-hsa-limits

Retiree Health Accounts Under Section 401(h)

WEBRecently, many of our colleagues have received inquiries about “401(h) plans.” A 401(h) is not a type of plan but rather an ancillary benefit of a defined benefit …

Category:  Health Go Health

House Lawmakers Approve Legislation to Dramatically …

WEBIn a move that would allow more individuals to save more for their health care expenses in retirement, the House Ways and Means Committee on Sept. 28 approved …

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HSA Assets Continue to Show Solid Growth as the Space …

WEBMorningstar’s 7th annual landscape study on health savings accounts (HSAs) available to individuals shows continued industry improvement, even though …

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Best Practices Emerging Around HSA Design and …

WEBThe average participant contribution in 2020 was $2,958, up from $2,595 in 2019. The average account balance at the end of 2020 was $6,318 and the median was …

Category:  Health Go Health

Are Retirees Spending More Than They Can Afford

WEBResults from the Employee Benefit Research Institute’s (EBRI) 2022 Spending in Retirement Survey finds that many retirees are reporting that their expenses …

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HSA Investment Assets up 52% in 2020

WEBAt year-end 2020, HSA assets stood at $82.2 billion in slightly more than 30 million accounts, which was a year-over-year increase of 25% for assets and 6% for …

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How the Health Care Industry Views Retirement Plan Issues

WEBGiven the outsized impact the pandemic has had on the health care sector, it’s not surprising that employee benefits have taken center stage to help address …

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How Rising Longevity Is Influencing Retirement Priorities

WEBIt’s not just longevity that’s changing people’s retirement journey, but also a growing awareness of their potential longer life is changing Americans’ expectations, …

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COVID Protective Expenses Eligible for HSA Reimbursement

WEBThe IRS has issued guidance addressing whether amounts paid for certain personal protective equipment are treated as qualified medical expenses.

Category:  Medical Go Health

What Are the Top 2021 Employee Benefit Trends

WEBBased on conversations with thousands of employers, surveys and internal data, Fidelity has shared what it views as some of the top employee benefit trends for …

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Financial Wellness Seen Increasingly as Key Workplace Benefit

WEBAs their sense of responsibility grows in supporting the financial needs of their workforce, employers apparently are offering more robust and wide-ranging …

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Most Americans See Room to Improve Financial Wellness in 2023

WEBAmid a year filled with economic turmoil and a holiday season racking up credit card bills, Americans considering financial resolutions in the New Year are in good …

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Dealing with Required Minimum Distributions How to Make …

WEBScenario 1 Scenario 2 One Distribution Each Year Two Distributions Second Year. 1st Year Distribution Age 70 3.65% of $300,000, or $10,950 Tax Bracket 31%. …

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Hospital System Strikes a Deal in Excessive Fee Suit

WEBAn excessive fee case whose petition to dismiss was still pending has opted to settle instead. The suit—filed in August 2020—had alleged that defendants …

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Determining Life Expectancy: Not Just for Actuaries

WEBThere are additional approaches Reddy cited, as well: Top Down: Collect large amounts of data from similar pension plans; average out experience and apply to …

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Key SECURE 2.0 Act Provisions and Effective Dates

WEBBelow is a table providing descriptions and effective dates for the key provisions contained in the SECURE 2.0 Act of 2022, which was enacted Dec. 29, 2022, …

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Alaska Senate Bill Would Increase Public Employee Retirement …

WEBThe Alaska Senate is considering a measure that would give certain employees who participate in the Public Employees' Retirement System of Alaska and …

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HOW THE CASE STUDY PORTION OF WORKSHOP 21 WILL …

WEB1726943 4 that the plan’s assets are up more than 15% for the year, compared to a 12% increase in the S & P 500 Index. This occurred in spite of having lost hundreds

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