January 21, 2012
One of the most important things you can do as a parent is care for your children’s health. Staying up to date with appropriate immunizations is one important step towards maintaining your child’s wellness. The Center for Disease Control and Prevention, as well as the American Academy of Pediatrics recommends the following immunization schedule:
Preventive screenings (also called Well Child Visits) and immunizations may be covered up to 100% with no deductible or copayment. It’s important that both you and your child’s doctor work together to help your child live a healthier life. We’re here to help support that relationship.
June 28, 2011
The IRS has released the Health Savings Account (HSA) contribution limits for 2012, as well as the minimum deductible amounts and maximum out-of-pocket expense limits for HSA-connected high-deductible health plans (HDHP).
The HSA contribution limit for individuals with single HDHP coverage will be $3,100, a $50 increase. Individuals with family HDHP coverage will be able to contribute $6,250 to an HSA, a $100 increase.
The minimum required HDHP deductible will remain $1,200 for single HDHP coverage, and $2,400 for family HDHP coverage.
The maximum limit on out-of-pocket expenses (e.g., deductibles, co-payments, and other amounts, but not premiums) will increase by $100 to $6,050 for single HDHP coverage and by $200 to $12,100 for family HDHP coverage.
In order for an individual to remain HSA-eligible, his or her HDHP coverage must be within these deductible and out-of-pocket expense requirements.
The limit on catch-up contributions to HSAs will remain stable in 2012 at $1,000. If an individual is at least age 55 by the end of the year, then they can contribute as much as an extra $1,000 to their HSA for 2012.
The IRS may adjust these HSA and HDHP requirements each year to match the changing costs of living.
