139 results for "Health Savings Accounts"BLOG
2019 HSA Spend Report
By: Shobin Uralil
HSA Users are Spending, Not Saving. The majority of HSA contributions are spent on routine healthcare visits, but show a shift toward online retailers and digital health experiences
The New HSA Owners Guide
By: Vicky Warren
For 2020, individuals can contribute up to $3,550, and families can contribute up to $7,100. For 2019, max contributions for individuals were $3,500, and for families, they were $7,000. If you’re 55+, you can make additional catch-up contributions of $1,000.
HSA Eligibility Details
The value and benefits of an HSA are hard to pass up. Their short-term and long-term savings options create flexibility to enable the specific HSA strategy that works best for you. In order to take advantage of these opportunities, however, you must be eligible to set up a health savings account. Here are the requirements to determine your HSA eligibility.
Trustee-to-Trustee Transfer vs. Direct Rollover: Which is the Safest?
By: Kate Dore
Are you ready for a new health savings account, but nervous about making the switch? It's normal to feel uneasy about the logistics of moving accounts, especially when the stakes are high. One wrong move could trigger an unexpected tax bill—with a costly penalty, to boot.
What is an HSA "Catch-Up" Contribution?
By: Carla Fried
Every dollar you save in a Health Savings Account (HSA) gives you three valuable tax breaks. Contributions you make this year to an HSA reduce your taxable income reported to the IRS. There is no annual tax bill on money that remains in your HSA account. When you withdraw money from an HSA — it can be next week or 30 years from now —— you will not owe any tax as long as the money is used to pay a qualified medical expense.
Can I Still Make a 2019 HSA Contribution?
The New Year’s ball has fallen, and 2019 has arrived. Not only that, but we’re already a month and a half into the new year. You might be looking at your overall financial picture, as tax season is right around the corner, and be thinking you’d like to utilize your Health Savings Account (HSA) more…