Leslie is a Freelance Content Specialist who focuses primarily on the backend of start-up life. With experience in things ranging from healthcare to payroll, Leslie has brought her experience to many start-ups, including Brex, Gusto, Homebase, and Wonolo. When she's not writing, you can find her reading or out on a hike.
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Tax season is coming. If you have a Health Savings Account (HSA), you’re probably already aware of the great tax benefits that come with it. But there are also some key HSA tax forms you should be aware of so you can make sure you have your finances in order before April 15.
Health savings accounts can be a great way to save money, but they do have some particular rules you have to follow. If you go over HSA contribution limits for the year, that money is considered an excess contribution. There are a few ways to deal with excess contributions, so you can choose the right option for your situation.
HSAs are a great way to save money for healthcare expenses and retirement because of their triple tax advantaged status. And there’s one more way to potentially grow your money — investing your HSA. In this post we’ll dive into reasons you may want to invest, reasons it may not be for you, and things to keep in mind when investing your HSA.
On May 10, 2021, the Internal Revenue Service announced the 2022 HSA contribution limits. For 2022, HSA-eligible account holders are allowed to contribute $3,650 for individual coverage and $7,300 for family coverage. Both coverage levels are a $50 increase for individuals and $100 for families from 2021 HSA contribution limits. If you are 55 years or older, you’re still eligible to contribute an extra $1,000 catch-up contribution.
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.