June is the beginning of hurricane season and our first storm is already here. As of this afternoon, the National Hurricane Center has upgraded the storm in the Gulf of Mexico to Tropical Storm Cindy which is expected to reach the coast later today. Alerts with “severe weather on the way” typically include heavy rain, frequent lightning, damaging winds and localized flash flooding.
With IRS Rev. Proc. 2017-37, the IRS provided several new increases to various categories that individuals and families may elect into a Health Savings Account (HSA) if they have a compatible High Deductible Health Plan.