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 MorePreparing for retirement? An HSA can help
HSA, tax savings, retirement, HSA contributions, HSA benefits
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 MoreMillions 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...
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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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