Lauren Hargrave is a writer from San Francisco who focuses on technology, finance and wellness. She follows comedians like most people follow bands and believes an outdoor sweat session can cure almost any bad mood. She’s also been writing her first novel for so long, her mom doesn’t ask about it anymore.
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If you’re healthy, you actually need to save more. And regardless of where you fall on the healthy spectrum, the truth is: Americans are living longer and the cost of healthcare is rising. And this trend is expected to continue. So what can you do about it? First, understand what this cost estimate entails.
What if you used your HSA to save for retirement? That’s precisely the investment advice many wealth managers are giving. And if that’s your approach, then you'll want as much of your HSA funds invested in the market as possible. So you can earn as much money as possible. Which means any fees or minimum investment thresholds could cost you thousands of dollars in the long run.
Are you wondering: “What is an HSA?” Discover the basics of health savings accounts. The qualifications for opening and contributing; how the account works after opening; how much you can contribute annually; how to use your account for qualified medical expenses; and what happens to your account if you switch employers.
For those of you who want the quick answer: the HSA contribution limits for 2020 are $3,550 for an individual and $7,100 for a family. If you are 55 or older your catch-up contributions are limited to an extra $1,000 a year. If you are a bit confused about what an HSA is, it stands for…
We are excited to share with you, that Lively is now the #1 rated HSA Provider on HSASearch.com (A Devenir company). We want to thank the many customers who took the time to review our HSA offering and give us such a high rating.
Want to use pre-tax dollars for healthcare expenses? If you don’t have a high deductible health insurance plan and want to set aside pre-tax dollars for healthcare expenses, a Flexible Spending Account (FSA) may be just what you’re looking for.