IRS Releases 2016 HSA Limits

On May 4, 2015, the Internal Revenue Service (IRS) released Revenue Procedure 2015-30 which details the inflation-adjusted amounts that impact qualified high deductible health plans and Health Savings Accounts (HSAs) for the 2016 calendar year, as outlined below:...

ObamaCare Mandate: Exemption and Tax Penalty

The ObamaCare Mandate and How You Can Qualify for an Exemption from the Tax “Penalty” ObamaCare Mandate: Those who choose not to purchase insurance will have to pay a tax “penalty” unless they qualify for an exemption. Exemptions from ObamaCare’s tax “penalty” mandate...