Bills in Congress would help individuals pay for coverage. H.R. 1169 would raise the deduction limit for health savings account (HSA) contributions to the cap on deductibles and out-of-pocket costs (e.g., in 2015 this is $6,450 for self-only coverage and $12,900 for family coverage). H.R. 1185 would increase the annual limit on medical FSAs to $5,000, plus $500 for each dependent. Chances of enactment: ??
Be sure to check the Featured Articles on my site – new topics added regularly! You’ll find a host of posts containing essential information about tax, finance, legal issues, and important business-related updates to help you in your business today.