Don’t miss the HSA opportunities that are here for the taking. It might be costing you money. We want to help, so we outlined the most common HSA pitfalls. By avoiding these common mistakes, not only can you ensure you aren’t losing out on many common HSA benefits, but your diligence will add some less understood HSA benefits that can save you even more.
Tag: HSA benefits
Are you aware that there is an investment option available that allows for tax-deductible contributions and also for tax-free distributions?
First introduced back in 2004, Health Savings Accounts offer individuals that unique winning combination. The favorable tax advantages of HSAs has caused them to become increasingly more popular in recent years.
There are many benefits of an HSA. Helping employers understand their short-term value can create new health saving strategies. Understanding the short-term value of an HSA is important for employees because 82% of all HSA assets were withdrawn in 2017.
The most common criticism of HSAs is that they don’t help pay for medical expenses and as such, they are often pigeoned holed as a great savings tool for the young or wealthy, but not help for the average American. We think this is mostly a misconception. Let me show you how to use an HSA, even if you can’t make regular contributions, due to financial constraints.