A flexible spending account (FSA) empowers employees to pay for certain medical expenses with pre-tax funds. FSAs are popular accounts because of the tax benefits they provide to employees and to their employers.

Here are some common questions that your employees may have about FSAs:

Many articles and news reports discuss how health savings accounts (HSAs) can benefit the average worker. In fact, there are many reasons why HSAs are one of the best options for your employees to save money on healthcare costs and to plan for retirement. But, HSAs can also provide significant benefits for your business, including helping you save money on taxes and health insurance for your employees.

Here are just a few of the benefits that HSAs and HSA-qualified plans can offer employers:

Two things.

First, happy April Fool’s Day!

Second, congratulations on surviving the Zombie Apocalypse! It was a crazy few days there for all of us, but now things are (mostly) back to normal.

Since coming back to work, we’ve turned our minds away from how to survive and back to HSAs. We have a couple of thoughts about how HSAs can help people in our current situation.

“In this world nothing can said to be certain, except death and taxes.” — Benjamin Franklin

With the passage of new tax laws in December 2017, the United States Congress made changes for deductions and corporate tax rates, but they left the tax benefits that come from health savings accounts (HSAs) alone. More recently, the annual family contribution for 2018 was reduced (read more here).

HSAs are one of the most tax-advantaged programs allowed by the IRS. Since their creation in 2003, millions of people have taken advantage of the tax savings, healthcare and retirement benefits that come from having an HSA.

When it comes to your employees, HSAs offer three ways to save on taxes.¹ As an employer, you can also take advantage of tax savings. Here’s how:

A bipartisan effort in Congress is underway to address challenges under the Affordable Care Act, potentially including big improvements to your HSA. 

• A stronger HSA is one of several measures Congress is weighing to address rising out-of-pocket medical costs for Americans with health coverage at work, stabilize insurance marketplaces used by those without workplace coverage, and help seniors - both retired and working - to manage medical bills.