Sarah Laoyan is a Marketing Associate at Lively. She has written articles ranging from inbound marketing strategy, to pet care, and financial health and wellness. She currently resides in San Francisco with her pets, Miles and Charles.
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On December 27th, 2020, President Trump signed the Consolidated Appropriations Act into law. This law has several budget line items, but the important part is how it affects employers who currently offer any kind of Flexible Spending Account (FSA). If your company offers or has offered any type of FSA (Health, Limited Purpose, and Dependent Care) in 2020, take a look at this article to see how this law affects you.
A Health Reimbursement Account (HRA) is one of the few tax-advantaged accounts that can help you save money on health expenses in the long run. Learn more about how this account can help you save money on your health expenses.
When you’re going about your day-to-day life, you’re not actively thinking about your finances. You may spend a few bucks on a coffee, debate how much to spend for lunch, making some impulse purchases online, and then fill up your gas tank on the way home. But how often are you actively thinking about saving your funds?
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.