118 results for "Health Savings Accounts"
How to Rollover Your HSA Funds
By: Shobin Uralil
While the term “rollover” is often used when commanding your dog to do a cute trick or trying to get out of bed, it’s also used in the financial world as a way for you to move funds from one custodian to another.
How does getting married affect my HSA?
By: Carla Fried
When you’re getting married, the issue of what happens to your Health Savings Account (HSA) is not exactly top of mind. With the whirlwind of celebrations and planning going on around you, this is completely understandable.
Changes to HSA-eligible HDHPs for Chronic Conditions
By: Vicky Warren
In July 2019, the IRS (with the Department of Health and Human Services) provided guidance that HSA-eligible high deductible health plans (HDHPs) consider a number of medical services, medications, and devices, like insulin, statins, and inhalers as “preventative care” to be covered before the annual deductible is met.
Why an HSA with a Debit Card is Better Than an HSA Without One
Most HSAs function in one of two ways: either an administrator holds on to your money and waits until you submit a claim before reimbursing you for your out-of-pocket expenses or your HSA issues you a debit card so that you have direct access to your savings. At Lively, we make things simple for our…
Is an HSA a type of health insurance?
Short answer – No, an HSA is NOT health insurance. Health insurance is provided by an insurance company for which you pay monthly premiums. When you have day-to-day medical expenses, or if something unexpected happens and you need to visit the doctor or hospital, they help you pay your health care costs.
Cover Health Expenses AND Minimize Taxes: Open A Health Savings Account
Our healthcare system is complicated. That’s why most of us are overwhelmed when trying to buy health insurance. Often times, the easiest way to handle the confusing world of deductibles, coinsurance, copayments, out-of-pocket maximums and pre-existing conditions is to throw up your hands and take the cheapest insurance plan offered by your employer. Unfortunately, that’s…