If you're wondering how IRS Notice 2019-45 ("HSA Expansion") affects your employer-sponsored High-Deductible Health Plan (HDHP), you're not alone. This was the most asked question in a recent "2020 Employer Benefits Legislative Update" webinar with attorney Marilyn M...
Dec 17, 2019
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Traditional PPO plans saddle both employers and their employees with high monthly premiums. For this reason, many employers offer High-Deductible Health Plans (HDHPs) with lower premium costs—and then offer Health Savings Accounts (HSAs) to help employees reduce their current out-of-pocket exp...
Nov 13, 2018
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It’s the waning days of 2018, which means it’s an ideal time for HR pros to remind eligible employees about the approaching deadline to contribute to their Health Savings Accounts (HSAs). Plus, there are at least 10 reasons to consider maxing out an HSA. Sending a reminder is especial...
Nov 07, 2018
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How to Drive HSA Adoption: Educate Employees

In our previous post about driving Health Savings Account (HSA) adoption, we covered how to mitigate employee risk with your health plan design. In this final post in our series, we’ll focus on employee HSA education. HSA survey respondent...

Jun 19, 2018
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How to Drive HSA Adoption: Mitigate Employee Risk with Plan Design

Where we last left off in this series, the key takeaway was “money talks”: finding your employer contribution sweet spot incentivizes further employee Health Savings Account (HSA) uptake. But after the right employer contribution is in pl...

May 09, 2018
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How to Drive HSA Adoption: Seed Early Adopters

We're launching this "How to Drive HSA Adoption" series to share insights derived from Lumity's 2018 State of the HSA Survey. More than 350 professionals in HR and finance responded to our survey, and over 97 professionals...

Mar 18, 2018
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How to Choose Between An HMO and a High-Deductible Health Plan

So many acronyms! It's easy to get lost in the land of healthcare plan options. For this post, we'll tackle a frequent question: what's the difference between a health maintenance organization (HMO) plan and a high-deductible health plan...

Sep 28, 2017
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Health Savings Account 101 Slideshow

Check out our Health Savings Account 101 Slideshow and share with your friends/family/employees/and the world! Cheers to better benefits. If you have any questions about how Lumity can advise your company on the benefits of medical savings acco...

Feb 22, 2016
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The Legal Side of Employee Health Savings Accounts

Health Savings Accounts (HSA) can help offset the costs of your employees’ medical care when they are enrolled in a High Deductible Health Plan (HDHP). Many employers find that the premium savings with HDHPs can be used to encourage their...

Jan 18, 2016
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Health Savings Account Reimbursement Confusion

There are many benefits of Health Savings Accounts (HSA) for people who find that High Deductible Health Plans are a good choice for their coverage needs. One of those benefits is the ability to pay yourself back on medical expenses from the money yo...

Jan 12, 2016
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Spotlight Series: How to Fix Excess Health Savings Account Contributions

When you have a Health Savings Account (HSA) and you know that for 2016 you can only contribute a maximum of $3,550 and $6,650 for individual and family coverage respectively, somewhere along the way it's possible that you contributed m...

Jan 11, 2016
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Lumity's Take: Why Your People Still Want Health Savings Accounts

Hopefully our Spotlight Series on Health Savings Accounts(HSA) has provided you the information necessary to understand what these accounts are and how they work. But you might be wondering why this information matters in the first place. Short an...

Jan 05, 2016
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Spotlight Series: Year-End Health Savings Account Eligibility And Tax Season

Yes, it's the end of the year and tax season seems far away, but as many may have switched to an HSA-qualified HDHP during open enrollment, it's important to know how year end eligibility in 2015 could affect your taxes in April of 2016 and b...

Jan 04, 2016
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Spotlight Series: Avoiding the Pitfalls of Health Savings Accounts

Having already beaten the drum of HSAs in a previous post, it’s also prudent to identify the negative aspects that can be associated with the use of these accounts. After you’ve decided that an HSA-qualifying HDHP is for you and you&rsquo...

Dec 22, 2015
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Spotlight Series: Health Savings Accounts and the Inherent Gamble of Health Insurance

Insurance as an industry calculates probabilities of pooled risk. Insurance companies are betting that we (as individuals and on a larger scale, employment groups) will pay more in premiums than they will in medical care costs. As they make this bet,...

Dec 15, 2015
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Spotlight Series: A Health Savings Account Rundown

We at Lumity tend to hail the existence and use of Health Savings Accounts (HSAs) more often than not, partially because our customers tend to have younger, relatively healthy individuals and families in their group that benefit from the selection of...

Dec 08, 2015
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