Even if you’re no longer eligible to contribute to your HSA, you can still use your account to pay for qualified medical expenses and save for retirement. You can even grow your balance by investing it.
It goes without saying that you can spend your HSA funds on yourself. You can also use the funds for qualified medical expenses for your spouse - even if you have “self-only” HDHP coverage.
Your *plantar fascia* is a ligament on the bottom of your foot that connects the heel bone to the toes. It supports your arches and absorbs shock when you walk. Small tears can happen if too much stress and tension are placed on the ligament. Repeated stretching and tearing can irritate, and lead to inflammation of the fascia which leads to the common issue known as plantar fasciitis.
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.