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 MoreMillions of Americans could benefit from newly introduced legislation: #MedicareHSA
HSA, tax savings, retirement, HSA contributions, HSA benefits, high deductible health plan, Medicare
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 MoreHow HSAs can help your employees
HSA, Employers, tax savings, retirement, HSA contributions, HSA benefits, employees
An important part of any business is to attract and retain highly-skilled workers. Most employers provide benefits ranging from paid vacation time and tuition reimbursement to bonuses and raises.
And then there are health...
Read MoreHSAs and the U.S. healthcare system
HSA, retirement, 401(k), FSA questions, HSA benefits, CDHP, qualified medical expenses
In November 2018, Gallup released the results of a poll showing 79 percent of people were dissatisfied with the total cost of healthcare in the United States.
That same poll asked respondents to describe the U.S. healthcare...
Read More3 ways to maximize HSAs as a retirement account
HSA, tax savings, retirement, HSA contributions, HSA benefits
A health savings account (HSA) can be a great way to save for healthcare expenses in retirement. Employee Benefits Research Institute (EBRI) estimates that a couple in retirement will need $301,000 to have a 90% chance of...
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The IRS just announced that health savings account (HSA) contribution limits will increase in 2020, giving you and your employees the chance to save more than ever.
As a response to rising inflation, the contribution limits...
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There is a phenomenon known as "status quo bias." When given the choice to do something and do nothing, it’s what causes people to do nothing. Status quo bias leads to people to not check the box, or not enroll in workplace...
Read MoreQualified medical expenses
HSA, Employers, qualified medical expenses, HSA record keeping, non-qualified medical expense, IRS
A health savings account (HSA) is one of the most advantageous ways to save money for the future, including for retirement. Its primary purpose, however, is to help accountholders save and pay for current or future healthcare...
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Healthcare in America is seeing massive shifts from the traditional employer-sponsored plans to leaner, lower cost models, where employees are taking on more ownership of their healthcare decisions.
AHIP found enrollment in...
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As a business leader you are constantly looking for a competitive advantage wherever you can. Through improved efficiency or cost savings, the opportunities to get an edge over the competition are abundant for those who know...
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