In conclusion, if both spouses are going to select a HDHP through their employers and are HSA-eligible, then they should probably each open their own HSA, figure out their collective contribution limit, and decide how they will split that limit between the two accounts to avoid over-contributing.
Compensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.Essentially, it's a combination of your pay, vacation, bonuses, health insurance, and any other perk you may receive, such as free lunches and parking.ompensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.
Definition: In financial terms, the salary and wages you pay to your employees for the work they do. Other, nonfinancial forms of compensation can also be offered to attract and retain staff. . Ask any human resources consultant where financial compensation ranks in the hierarchy of employee requirements, and you're likely to get a range of answers.