CARES Act - Seeing the doctor without going to the doctor

HSA, HSA questions, HSA spending

Congress recently passed the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), a $2 trillion stimulus bill to aid the recovery from COVID-19. Included in the bill is language that created a temporary...

Read More

The CARES Act just made your HSA more powerful

HSA, tax savings, HSA benefits, CARES Act, Coronavirus

The $2 trillion Coronavirus stimulus bill, called the CARES Act, is making headlines as the largest rescue package in American history. It also includes several provisions that will make a major impact on those with health...

Read More

HSAs and last-minute 2019 tax deductions

HSA, tax savings, HSA questions, HSA spending

Note: When this blog article was originally posted, April 15, 2020 was the tax filing deadline for 2019 tax year. With the impacts being felt by COVID-19, the Internal Revenue Service (IRS) has extended the tax filing deadline...

Read More

Your one-stop review for 2020 retirement, health and commuter contribution limits

HSA, tax savings, retirement, 401(k), HSA contributions, FSA contribution limit, high deductible health plan

The IRS announced updated contribution limits for 401(k)s and other tax-advantaged accounts1 for 2020. These increases are more than just random numbers – they translate to significant opportunities for your employees to...

Read More

How monsters could use an HSA

HSA, qualified medical expenses, Halloween

It’s Halloween and that means it’s time for our annual “spooky” blog post. Today, we’re going to imagine how certain famous monsters1 could use a health savings account (HSA) to pay for relevant qualified medical expenses.2 

  

Read More

3 ways employers can save with a health savings account

HSA, tax savings, HSA contributions, HSA benefits

Health savings accounts (HSAs) provide many benefits to employees and can be a great way for them to save money on taxes1 and save for the future. However, you as an employer can also benefit from HSAs, and the savings can...

Read More

Preparing for retirement? An HSA can help

HSA, tax savings, retirement, HSA contributions, HSA benefits

Whether you are a baby boomer nearing retirement, a Generation X’er in the middle of your career or a millennial just starting out, you have at least one thing in common with your co-workers:

You need to prepare for retirement.

Read More

HSA. FSA. HRA. HIA. What do all these even mean?

HSA, HSA contribution limit, FSA, hra, hia

HSA. FSA. HRA. HIA.

If you’re confused by the acronyms listed above, you’re not alone. The healthcare industry throws these around and expects everyone to know what they mean. But many people don’t.

For the record, here’s what...

Read More

Millions of Americans could benefit from newly introduced legislation: #MedicareHSA

HSA, tax savings, retirement, HSA contributions, HSA benefits, high deductible health plan, Medicare

A bi-partisan effort in Congress is underway that would allow Medicare recipients to open and contribute to a health savings account (HSA).

H.R.3796, the Health Savings for Seniors Act, would allow more than 57 million...

Read More

IRS expands list of preventive care services

HSA, IRS, high deductible health plan, preventive care

The IRS announced an expanded list of preventive services which health plans may choose to cover as a first-dollar or pre-deductible expense for high-deductible health plan enrollees.

Particularly, the expanded list includes...

Read More
Top 5 white paper.png

Free guide

Know what questions to ask when looking for an HSA provider.
Download now