Stephanie is a Freelance Content Specialist who specializes in personal finance. Stephanie's work can be seen in publications such as Investopedia, The balance, Credit Karma, and Forbes. When she's not writing, she's studying to become a CFP, practicing yoga, or going on hikes with her family.
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Wondering, "What is a Healthcare FSA?" A Healthcare Flexible Spending Account (HCFSA) is a spending account for eligible healthcare expenses. But not everyone has access to one. So, who is qualified, and how does a Healthcare FSA work? What are the rules, and what can you buy with an HCFSA? Let's jump into HCFSA 101 to discover how you can save thousands a year with a Healthcare FSA.
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.