Health Care Affordability for Americans
The Kirwan Companies, Ltd. and HSA Specialist of America have been in the Employee Benefits field for over 40 years and, among our other services, we have specialized in the promotion and education of HSA’s-Health Savings Accounts since their inception as MSA’s-Medical Savings Accounts in 1997.
We have recently advanced the prospect of allowing for the “vested” portion of a Retirement Plan participants’ account to be eligible for a tax free transfer to an HSA Account, as well as for assets in an individual’s IRA Account.
In this regard, we have recently applied to the United States Patent and Trademark Office and we are proud to state that our “Intellectual Property is now Patent Pending”.
HSA Contributions-IRS Announces 2018 Limits
The Internal Revenue Service (IRS) released the 2018 inflation-adjusted amounts for Health Savings Accounts (HSAs).
We will provide our readers with any breaking news from our efforts in Washington and would certainly welcome your comments and support in raising even greater interest in our endeavor to provide “Health Care Affordability for Americans”. 2018 HSA Contribution Limits and Tax Deductible Catch Up Contributions
Individual: $3,450 Family: $6,900
The 2018 catch up contribution limit remains the same, at $1,000, for those 55 years of age and older.
The Kirwan Companies, Ltd has been in the vanguard of recommending and educating our clients on HSA’s since their inception as MSA’s (Medical Savings Accounts) in 1997 and we continue to advocate for the establishment and expansion of these accounts having recently applied for an received our Intellectual Personal Property Patent, “HSA-Transfer-K”, which would allow for the vested benefits of an individual’s Vested Retirement Plan Values to be transferred “tax-free” into your HSA Account.
You can review our Patent proposal, which is under review by the CBO, at our web site at: www.kirwanbenefits.com/hsa-transfer-k/
If you would like additional details on our submission and patent, you can view the background at our web site at: www.kirwanbenefits.com/hsa-transfer-k/