189 results for "HSA"BLOG
Can I Still Contribute to My HSA After Retirement?
By: Lauren Hargrave
Once you turn 65, you must stop contributing to your health savings account (HSA). Your HSA eligibility isn’t determined by employment (you can contribute to an HSA regardless of whether you have an employer-sponsored health plan or not), but is instead dependent on the type of health insurance plan under which you’re covered as well as your age. These facts, combined with the tax-advantaged structure of HSAs makes them an ideal tool to save for retirement.
Common Health Care Expenses: The Cost of Pink Eye
By: Kate Dore
Pink eye can be an uncomfortable problem to deal with, especially when the infection spreads to both eyes. Fortunately, pink eye is common and it may be easy to treat the symptoms. Here are some of the basics to know—including how much it costs to treat and how to save money on these expenses.
2021 HSA Contribution Limits
On May 20, 2020, the Internal Revenue Service announced the 2021 HSA contribution limits. For 2021, HSA-eligible account holders are allowed to contribute $3,600 for individual coverage and $7,200 for family coverage. Both coverage levels are a $50 increase for individuals and $100 for families from 2020 HSA contribution limits. If you are 55 years or older, you’re still eligible to contribute an extra $1,000 catch-up contribution.
How to Divide an HSA During a Divorce
By: Carla Fried
In the event you and a spouse decide to divorce, a sizable HSA account balance becomes an important part of the negotiation for how best to divide your assets.
Here are a few things to consider when deciding how to divide an HSA in a divorce:
Who Can I Use My HSA For?
By: Vicky Warren
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.
How to Portion Your Paycheck for Financial Wellness
By: Carla Fried
When you start earning a steady paycheck the best favor you can do for your future self is to develop a habit right now at the starting gate where you commit to diverting a portion of each paycheck to saving and investing.