Tag: HSA

HSA and Taxes

What to Expect: HSA & Taxes

Need some help? Lively is here to dissect the complexity of your HSA tax obligations. We will help showcase key requirements you need no matter if you this is your first year with an HSA, have multiple HSAs, or transferred your HSA to a new provider.

“What to Expect: HSA & Taxes”

Adult Children HSA

Non-Dependent Children Can Now Open a Separate HSA

When the Affordable Care Act (2010), went into effect it included a provision that children be allowed to remain on their parent’s health insurance plan until the age of 26. This created a unique HSA provision that allowed those individuals to open an HSA (and contribute) as long as they are no longer a tax dependent. This is an incredible opportunity for young individuals to create a long-term health savings vehicle that you can use or invest for their entire lives.

“Non-Dependent Children Can Now Open a Separate HSA”

Maximize Tax Savings

Maximize Tax Savings for 2017

Keeping more of your money is always a good thing. An HSA can help you maximize your tax savings to save more or invest more money for your financial health future. Understanding HSA tax implications, contribution limits and date requirements are the first steps to ensuring you can maximize your tax savings in 2017. From there, you can work with a certified tax or financial professional to best optimize your HSA funds along with other tax vehicles to save the most tax-free money in 2017.

“Maximize Tax Savings for 2017”

2017 HSA Year in Review

2017 HSA Year in Review

2017 has come to a close, and at first look, it was a record-breaking year for HSA growth. While there were no new policy or tax changes to the HSA this year, besides the slight increase in contribution limits for 2018, the value of the HSA, coupled with the growth of HSA-eligible plans like a high deductible health plan (HDHP), is driving HSA adoption to new levels.

Family HSA Contributions

How Much Can Families Contribute to a Health Savings Account?

Who can contribute to the Family HSA limit?

Individuals can contribute toward the annual family HSA maximum if they have an HSA-eligible plan and their health plan covers themselves + at least one additional person. A married couple can also choose to have individual HSAs if each individual is covered under an eligible HSA health plan. In this latter case, their total HSA contribution for they year cannot exceed the total yearly family contribution ($6,900 for 2018). Each spouse can contribute half the amount or one can contribute 90% and the other 10%, but when combined, it can’t exceed the family maximum.

“How Much Can Families Contribute to a Health Savings Account?”

HSA Tax Plan

The HSA Tax Plan


With Washington being in the news a lot this year for healthcare and tax reform, wouldn’t it be nice if you didn’t have to wait around in limbo?

“The HSA Tax Plan”