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HSAs have only been around since 2004, yet traditional financial institutions burdened them with hidden fees from the onset. Even newer, HSA investments share the same fate. HSA investments can be riddled with hidden fees that can limit your investment growth and financial returns. Not all HSAs or HSA investments are created equal, let us show you what to look out for to make the most of your HSA investment.
Investing your HSA can help increase your health savings for the long-term. Finding ways to balance long-term savings with qualified out-of-pocket medical expenses that are part of your normal life will help create a balanced approach for HSA growth, reimbursements and savings.
Healthcare costs are growing. Healthcare retirement costs are projected to exceed $275,000 for couples (on top of Medicare). Everyone is feeling the pinch – from individuals and employees to employers. Finding ways to create further financial gains even on small dollars, is becoming more important.
HSAs are often seen as health savings tool and they should be. However, HSA can provide deep financial flexibility and benefits, that are not only comparable to IRAs & 401ks, but that might even exceed those traditional retirement savings vehicles. Here is what you should know about HSAs, taxes & retirement.
HSAs are a clear way to save money for your health, both for short-term and long-term expenses. Their triple tax advantages and automated payroll deductions create such an easy and obvious way to save tax-free dollars. Once you set up an HSA you are set to save month after month; money you can use today or save for retirement.
High deductible health plans aren’t win-win, but they are becoming more common with employers so if you don’t have one yet, it’s likely you will in the near future. They do create opportunities for greater flexibility and increased fiscal health security for the long term. Let us show you how to use high deductible health plans to your advantage. “What is a High Deductible Health Plan (HDHP)?”
This is a continuation of our recent series about all things HSAs. If you need to get caught up, check out What is an HSA and What are the benefits of an HSA?. Using an HSA can be a simple 1-2-3 process if you know the right sequence. Let us show you the easiest way to get an HSA working for you.
HSA benefits are not only measured in financial gain, but also in the unique ability to create flexibility in a stringent healthcare market. With an HSA, you can save for today and tomorrow.
At Lively, we live and breathe all things health accounts and HSA related, but you might not and why should you, you have better things to do! We want to help you save time, so let us give you the simple and straight forward details regarding HSAs (health savings accounts).