226 results for "HSA"

HSA

How to Use HSAs For Summer Expenses

Summer is here, and it’s time for some fun in the sun! While having tons of summer adventures, you may have forgotten all about your HSA. Did you know you can use your HSA to pay for several summer essentials? The IRS defines medical expenses as,“ the costs of diagnosis, cure, mitigation, treatment, or prevention...

HSA

Can I Open an HSA for my Child?

A Health Savings Account (HSA) is a great way to help fund your healthcare costs today and save for the future. If you’re covered under a qualifying high-deductible health plan (HDHP), you can make tax-free contributions to an HSA.  You can use the contributions you make for IRS approved healthcare items and services, tax-free! Also,...

HSA

How to use an ICHRA with an HSA and a HDHP

Employers across the country are trying to maximize their health benefit value and control their actual health benefit costs. When the new HRA regulations announced this summer expanded tax-friendly benefits to a greater footprint of businesses, a lot of questions came in about how they interact with the popular and tax-advantaged HSA. Here’s how the...

HSA

Long Term Care and HSAs

Have you been thinking about long-term care? Have you been wondering how to pay for it? If you’ve got an HSA, here’s some good news. You can use your HSA funds to help pay for long-term care insurance. Let’s explore how your HSA can help. What is Long Term Care? As we age, we may...

HSA

How to Approach Taxes in your 40s

By your 40s, you may have settled into your family life and career. You may be caring for a home and young children. It’s possible you have achieved some career milestones, too. If you are earning more, there may be a temptation to upgrade your lifestyle. Long, busy days turn into weeks, months, and years....

HSA

How Old is Too Old to Start an HSA?

As individuals near retirement age, they typically start to review their financial stability—and the continued rise in health care costs tends to be among their primary concerns. According to a report released by Fidelity Investments, the average retired couple will need $285,000 to pay for medical expenses through retirement in addition to long-term care expenses....