206 results for "HSA"

HSA

What is a Consumer-Directed Health Plan (CDHP)?

The way we pay for our healthcare has evolved over the years. Today, there are many options available to pay for our medical expenses. Let’s talk about Consumer-Directed Health Plans. A general definition of a Consumer-Directed Health Plan is one that combines a high deductible health plan with a pre-tax savings account that employees can...

HSA

Can I Still Make a 2018 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...

HSA

2018 HSA Spend Report

You know the narrative — healthcare is expensive. Healthcare spending is up year-over-year (3.9%), with costs rising faster than the annual rate of inflation. This, combined with the rise of high deductible health plans (HDHPs), puts pressure on the average American consumer to spend more of their savings on everyday health expenses. What this conversation...

HSA

What happens when I contribute too much to my HSA?

Learning about health savings accounts, or HSAs, is like joining a secret society. Signing up is the first step toward special tax benefits. These perks can help you save on taxes and medical expenses. The only downside is there are some strict rules to follow. One of the most important is your annual contribution limit....

HSA

Can business owners participate in an HSA, FSA, or HRA?

There is nothing worse than a surprise medical expense your health insurance doesn’t cover. Luckily, there are IRS-approved accounts to save you from some of these financial landmines. Employees may have access through their workplace. As a small business owner, you may wonder how to get in on the action. Here’s a look at three...

HSA

Self Employed HSA Options

We all have healthcare costs, whether we have a 9 to 5 position or are self-employed. For those who are self-employed, you may want to consider enrolling in a Health Savings Account (HSA) to help save for future healthcare costs. Health Savings Accounts (HSAs) have several advantages such as tax-deferred savings and tax-free withdrawals on...