HSA Limits 2023 What are the 2023 limits for HSA accounts? Annual contribution limits, minimum deductibles, and out-of-pocket maximums for health savings accounts (HSAs) are shown below. You can contribute to an HSA if you are covered under a high deductible health plan (HDHP) and meet certain other requirements. 2022/2023 Annual HSA Contribution Limitation The maximum HSA contributions for 2022 and 2023 are: 2022 2023 HSA contribution limit (employer +
Can I Still Sign Up for 2015 Health Insurance?
Yes! Open enrollment for 2015 health insurance runs until February 15, 2015. This means you can purchase a new individual or family health insurance plan — for any reason — until that date. Once open enrollment ends, however, you will not be able to purchase 2015 individual or family coverage unless you have a qualifying event. Effective Dates for 2015 Health Insurance The date your 2015 coverage is effective depends
I Can’t Afford Health Insurance in 2014
What Should You Do if You Think You Can’t Afford Health Insurance in 2014? If you have searched for health insurance and believe it is too expensive, please let us help you find a solution that meets your needs and fits your budget. The worst thing you could do is remain uninsured because the premiums feel out of reach. We can often find a plan that fits into your budget
In-network vs. Out-of-network Care
What is a network? A network (also called provider network or preferred providers) is a group of medical providers (hospitals, doctors, specialists, pharmacies, etc.) that have contracted with an insurance company to provide medical care at an agreed-upon rate. What is in-network vs. out-of-network care? In-network care is medical care obtained from a provider within your plan’s network. Out-of-network care is medical care obtained from providers outside of your plan’s
Health Insurance Glossary
Shopping for health insurance? Deciphering the costs and provisions of the various plans out there can be very confusing. Here are some key terms that will help — whether you’re selecting a new plan or just trying to figure out your existing one. Quick-Reference Guide to Health Insurance Terms Allowed Amount – (also known as eligible expense, payment allowance, or negotiated rate) Your health insurance company has negotiated a pre-agreed
What is a High-Deductible Health Plan?
(This post was originally published in May, 2013 and was updated in Nov 2016, Oct 2017, Aug 2018, Nov 2019, May 2020, June 2021, and May 2022) A high-deductible health plan (HDHP) is just what the name implies. It is a health insurance plan that has a higher deductible than traditional insurance plans. An HDHP also has lower premiums than traditional coverage. In plain English, when you’re covered by an