Tag: HSA

2012 HSA Limits Set

The IRS has released the 2012 contribution limits to Health Savings Accounts.  The limits for 2012 will be:  $3,100 for single plans and $6,250 for family plans.  The limits in 2011 were $3,050 and $6,150. To qualify for an HSA, you must have a “high-deductible” health plan.  For 2012, a high-deductible plan is one with […]

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Lawmakers Urge IRS to Allow Breastfeeding Supplies as a Medical Expense

Iowa Senator Tom Harkin was among more than 40 Democratic lawmakers in the House and Senate who wrote to the IRS last week, urging the IRS to recognize breastfeeding supplies as a medical expense.  Currently, breastfeeding supplies are not considered a medical expense, so the cost of the supplies is neither deductible, nor eligible for reimbursement […]

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