Illinois Employer Health Plan Updates 2025

Illinois Employer Health Plan Updates 2025

Illinois employers face new health plan rules in 2025. Here’s what you need to know: Expanded Coverage Requirements: Mandatory coverage for more medical procedures, including annual cancer screenings, hearing aids for all ages, and mental health counseling for...
Self-Employed Health Insurance Deduction Guide

Self-Employed Health Insurance Deduction Guide

If you’re self-employed, you can deduct 100% of your health insurance premiums for yourself, your spouse, dependents, and kids under 27. This deduction lowers your Adjusted Gross Income (AGI), reducing your overall tax bill – even if you don’t itemize...
HSA Contribution Limits and Deadlines 2026

HSA Contribution Limits and Deadlines 2026

HSA Contribution Limits for 2026: Individual Coverage: $4,150 Family Coverage: $8,300 Catch-up Contribution (55+): $1,000 Key Deadlines: You can contribute to your HSA for 2026 until April 15, 2027. HDHP Requirements for HSA Eligibility: Minimum Deductibles: $1,600...
6 Ways to Lower Your Health Insurance Premium

6 Ways to Lower Your Health Insurance Premium

Tired of high health insurance costs? Here’s how you can lower your premiums while keeping good coverage: Use Tax Credits and Subsidies: If your income falls within eligible ranges, you can save hundreds per month. Choose High-Deductible Plans with HSAs: Lower your...