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.
1. compensation-something (such as money) given or received as payment or reparation (as for a service or loss or injury). recompense-payment or reward (as for service rendered). overcompensation-excessive compensation.n. 1. the act or process of making amends for something.. the state of being compensated. 3. something given or received for services, debt, loss, injury, etc.; indemnity; reparation; payment. 4. Biol. the improvement of any defect by the excessive development or action of another part of the same structure.