209 results for "HSA"

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...

HSA

Health Savings Account Rules

Health Savings Accounts (HSAs) are great tools you can use to pay for qualified medical expenses. With the fantastic tax benefits and portability these accounts offer you should consider opening one if you qualify. Let’s go over a few of the most common rules that apply to HSAs. What Insurance Plans Qualify? The first question...

HSA

What Happens to My HSA If I Die?

Estate planning and understanding is about as much fun as waiting in line at the DMV. However, understanding how to structure your accounts to minimize taxability for your benefactors ensure that more of your money becomes theirs. We will review the IRS tax structures and how they impact your HSA funds when you die.

HSA

How to Make the Best Choices During Open Enrollment

Open enrollment is upon us. In the past, when you started a new position, you could choose your benefits and simply re-up each year. Nowadays, companies keep a close eye on how to maximize their spending, so they make changes to their benefits from time to time. This means it’s vital to review your current...