HealthEquity blog

2019 FSA contribution limit increased

Posted by HealthEquity on Nov 15, 2018 5:37:24 PM

It’s official. The IRS has just announced that for 2019, individuals can contribute $2,700 to their FSA. That is an increase from the 2018 limit of $2,650. The FSA increase also applies to limited-purpose FSAs (LPFSA) that is limited to vision and dental services, which can be used in cooperation with a health savings account (HSA).

An FSA empowers employees to pay for qualified medical expenses with pre-tax funds. FSAs are popular accounts because of the tax benefits they provide to employees and to their employers.

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Topics: HSA, tax savings, Employers, HSA contributions, FSA, FSA contribution limit

What fees reveal about your HSA provider

Posted by HealthEquity on Nov 14, 2018 9:15:00 AM

In a previous post we revealed some fees that may be lurking in an HSA. In this post we’ll go a step beyond and explore what fees reveal about your HSA provider and their motivations.

Michael Kitces, director of financial planning at Pinnacle Advisory Group Inc. stated in a recent Wall Street Journal article, that HSAs are, “..the most tax-preferred account available. Using one to save for retirement medical expenses is a better strategy than using retirement accounts.”

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Topics: HSA, HSA fees, HSA questions, Fees, HSA investing

Making HSA-qualified health plans work for low-income employees

Posted by HealthEquity on Nov 8, 2018 10:52:33 AM

For some people, the costs of healthcare are manageable at their present income level.  However, for a growing number of individuals in the U.S., the cost of healthcare has become overwhelming and utterly unaffordable. For example:

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Topics: HSA, HSA questions, tax savings, HSA policy

The HSA Raven

Posted by HealthEquity on Oct 31, 2018 11:21:16 AM

Once upon a noon day napping, with my co-workers making a constant yapping,

Over oft-discussed matters of weather and how their team played the night before —

While I drifted, not quite sleeping, suddenly there came a knocking,

And I heard a quiet opening, an opening of my office door.

“Tis some co-worker,” I mumbled, “interrupting my lunchtime rest—

Only this and nothing more.”

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Topics: HSA, tax savings, Employers, HSA contributions, Open Enrollment

3 vital differentiators when evaluating an HSA provider

Posted by HealthEquity on Oct 2, 2018 10:30:00 AM

Let’s face it, shopping for a health savings account (HSA) provider is an overwhelming process. Most providers can cover the basics and deliver HSAs that may check all your boxes but act more like a supercharged flexible spending account (FSA). 

The industry’s leading providers, however, are collaborating closely with employers to deliver game-changing insights and member enablement capabilities that are transforming how employers and their employees can connect health and wealth.

So, what are these three HSA provider differentiators and what can they mean for employers and their employees?

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Topics: HSA, Employers, HSA fees, Benefit planning, Cost management

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