217 results for "HSA"

HSA

Are HSAs tax-smart investing?

The monthly account statement for your investments is deceptive. The balance listed doesn’t take into account any taxes you may owe when you sell that investment. And taxes can take a serious bite of your savings. Any money invested in traditional 401(k)s and traditional individual retirement accounts (IRAs) will be taxed at your ordinary income...

HSA

2020 HSA Contribution Limits

For those of you who want the quick answer: the HSA contribution limits for 2020 are $3,550 for an individual and $7,100 for a family. If you are 55 or older your catch-up contributions are limited to an extra $1,000 a year. If you are a bit confused about what an HSA is, it stands for...

HSA

Can Freelancers Open an HSA?

The freedom the freelance lifestyle brings is exhilarating. If you’re a night owl who can only put words on paper at 2 a.m., freelancing may be great. If you want to use your knowledge in a new way to help others, freelancing may be the way to do it.  With all the fanfare surrounding the...

HSA

Overview of Self-Directed HSA

The way we save and pay for healthcare is always changing. Today, many people have the option of pairing a Health Savings Account (HSA) with a high deductible health insurance plan (HDHP). If you have an HDHP, you may consider opening and funding an HSA, to help pay for your out-of-pocket medical expenses. HSAs offer...

HSA

The Benefits of a No Fee HSA

A health savings account is a powerful financial tool when saving for retirement, since medical care expenses are likely to increase as you grow older. Those who can afford to pay their current medical bills out-of-pocket will find that the best use of an HSA is to accumulate a nest egg to pay for medical expenses incurred after they’ve retired. It’s also a terrific “health insurance policy,” should an unexpected medical emergency occur before retirement.

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...