Stephanie Albee

Financial Products Specialist

4 articles

Can spouses who work for the same company both contribute to a joint HSA via payroll deductions?

The IRS mandates that Health Savings Accounts (HSAs) are for individuals only. Therefore, joint HSAs between spouses cannot legally exist. If both spouses are eligible for HSAs, they must each set up individual accounts. Both spouses may contribute to their individual accounts via payroll deduction, and funds from either spouse’s HSA can be used to […]

How much do employers contribute to FSAs, HSAs or HRAs on average?

The answer can vary widely, but the average annual employer contribution for Health Savings Accounts (HSAs) and Health Reimbursement Accounts (HRAs) is around $600 for individual employees, and $1,250 for employee family plans. According to the Employee Benefit Research Institute, around 67% of employees reported that their employers contributed to the account. Averages for Flexible […]

What are the 2017 HSA contribution limits?

For the calendar year 2017, you can contribute an HSA maximum of $3,400 for an individual and $6,750 for a family. Savers aged 55 and over can make an optional catch-up contribution of up to $1,000 each year. The Low-Down on HSAs A Health Savings Account is a savings account you use for healthcare expenses a bit like […]

What is the standard 401k employer contribution?

Short answer There is no standard 401k employer contribution as companies can decide for themselves how much they will add to an employee’s plan. That said, market trends are emerging, and the data below can give you a sneak peek into how your contributions compare with those of your competitors. The Low Down on Contribution […]