The IRS announced last year that health savings account (HSA) contribution limits have increased for 2019, giving you and your employees the chance to save more than ever.

As a response to rising inflation, the contribution limits into savings vehicles like IRAs, 401(k)s, and HSAs can rise from year to year. And given the fantastic triple tax advantages¹ that an HSA offers, 2019 is the year to encourage your employees to contribute the full amount to their HSAs.

It’s official. The IRS has just announced that for 2019, individuals can contribute $2,700 to their FSA. That is an increase from the 2018 limit of $2,650. The FSA increase also applies to limited-purpose FSAs (LPFSA) that is limited to vision and dental services, which can be used in cooperation with a health savings account (HSA).

An FSA empowers employees to pay for qualified medical expenses with pre-tax funds. FSAs are popular accounts because of the tax benefits they provide to employees and to their employers.

Once upon a noon day napping, with my co-workers making a constant yapping,

Over oft-discussed matters of weather and how their team played the night before —

While I drifted, not quite sleeping, suddenly there came a knocking,

And I heard a quiet opening, an opening of my office door.

“Tis some co-worker,” I mumbled, “interrupting my lunchtime rest—

Only this and nothing more.”

Since the inception of the employer-employee relationship there has been employee turnover. Every employer knows that turnover is inevitable and have factored in the costs into the price of doing business.

One way to lengthen tenure among your workforce is an effective health and wealth strategy, which introduces a long-term partnership where both employers and employees are mutually invested in growing wealth and improving health through knowledge, savings and investing.

Health savings accounts (HSAs) are one of the most effective options to save money for healthcare expenses and retirement, but many accountholders don’t take advantage of all the benefits. Some of your employees may already have good HSA habits, but understanding more about how to use them can help make a good HSA program a great one. Here are 7 tips to help employees win with their HSA: