HealthEquity blog

What fees reveal about your HSA provider

Posted by HealthEquity on Nov 14, 2018 7:15:00 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, Fees, HSA investing, HSA questions, HSA fees

3 vital differentiators when evaluating an HSA provider

Posted by HealthEquity on Oct 2, 2018 8:30:00 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, Benefit planning, Cost management, Employers, HSA fees

Three things you should know about HSAs - Part 3: Spending your HSA funds

Posted by HealthEquity on Aug 14, 2018 10:00:00 AM

Note: This is the last of a 3-part series of blog posts. Previous blog posts in the series discussed contributing to an HSA and growing HSA funds.

In a report last year, the Centers for Medicare and Medicaid Services said “U.S. health care spending increased 4.3% to reach $3.3 trillion, or $10,348 per person in 2016.” The report broke the spending down further as follows:

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Topics: HSA, HSA questions, HSA fees, HSA spending

HSAs remain a valuable tax-saving option

Posted by HealthEquity on Mar 20, 2018 9:55:00 PM


“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:

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

Updated April 26, 2018: IRS adjusts HSA contribution limit for family plans

Posted by HealthEquity on Mar 8, 2018 8:59:36 AM

UPDATE: On April 26, 2018, the IRS reversed their guidance and restored the maximum annual contribution limit for a family HSA to $6,900 for taxpayers with qualifying coverage. Accountholders wishing to make the maximum annual contribution, and who have adjusted their current contributions based on the lower limit, may now adjust their contributions as needed.

On March 5, 2018 the IRS announced that the maximum annual HSA contribution limit for an individual with family coverage in 2018 has been lowered from $6,900 to $6,850. The maximum annual HSA contribution limit for an individual with self-only coverage remains at $3,450. There is also a $1,000 catch-up contribution available to individuals who will be at least 55 years old during 2018.

There is a possibility that this change could be reversed and/or amended. HealthEquity will be following future developments and updating this blog post with more information as it becomes available.

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

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