This year the 2021 tax filing deadline is April 18, 2022. That means you have a few extra days to make a last-minute contribution to your Health Savings Account (HSA) to potentially reduce your annual tax bill.1 You’re allowed...
Read MoreIt's tax season: Did you maximize your 2021 HSA tax deductions?
HSA contribution limit, tax savings, HSA questions, HSA contributions, HSA record keeping
This fall we conducted a survey of 1,155 full-time employees across the United States to understand how they were managing healthcare expenses during COVID-19. We found that many are unaware of how much healthcare services cost,...
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As COVID-19 vaccine distribution continues to ramp up, many employers are considering whether and to what extent they should incentivize the vaccine among employees. Vaccine mandates are unlikely for several reasons, mostly owing...
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It was a year like no other year. And yet, tax season is upon us again. The good news? The dollars you didn’t spend on great adventures in 2020 can earn you great savings on your 2020 tax bill.1 Add a little or add lot to your...
Read MoreShould you adopt the new FSA relief? Here are 5 questions to consider
HSA, HSA contributions, FSA questions, FSA, FSA contribution limit
Many organizations are abuzz with excitement over the recent Consolidated Appropriations Act, 2021 (the “Act”), which provides temporary new relief for flexible spending accounts (FSAs). With the legislation, organizations can...
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December is birthday month for the health savings account (HSA)!
Seventeen years ago, on December 8, 2003, the Medicare Prescription Drug, Improvement, and Modernization Act was signed into law. This legislation replaced the old...
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The COVID-19 pandemic has been challenging for everyone, but it’s been especially difficult for working families, according to a new national omnibus survey from HealthEquity.
Conducted in the fall of 2020, the survey asked more...
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Your health savings account (HSA) packs more punch than ever.
The IRS announced higher HSA limits for the 2021 tax year, which means opportunity to save even more.
Read MoreYour 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 increase...
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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 really...
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