HealthEquity blog

Ensuring your HSA investments work for you

Posted by HealthEquity on Mar 12, 2019 8:36:00 AM

One aspect of health savings accounts (HSAs) that may be less understood is the ability to invest HSA funds, the gains of which are tax-free1. Some retirement advisors are even recommending maxing out HSAs before 401(k)s because of the ability to use funds tax-free1 for qualified medical expenses even into retirement. Savvy HSA users are taking advantage of this little-known fact to plan for continually rising healthcare expenses during their golden years.

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Topics: HSA, HSA investing

5 ways to get your employees excited about HSAs

Posted by HealthEquity on Feb 7, 2019 9:44:07 AM

Consumer-directed healthcare plans (CDHP) accompanied with health savings accounts (HSAs) continue to increase in adoption, 20% year over year growth from 2017. Electing the plan is just the beginning. Many employers find it challenging to educate employees on the benefits of having an HSA. Here are a few tips to help employees use their HSA to the fullest.

  

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Topics: HSA, Employers, HSA investing, HSA contributions, HSA spending

How to position consumer directed healthcare and HSAs with your employees

Posted by HealthEquity on Jan 24, 2019 8:07:00 AM

For employers, there has been a monumental shift in the healthcare marketplace from higher cost, traditional plans to high deductible or consumer directed health plans (CDHP). Between 2007 and 2018, CDHP adoption has increased 264%. CDHPs and health savings accounts (HSAs) allow employers to save on premium costs and taxes while empowering employees to become more educated and involved in their healthcare decision making.

As these plans continue to grow in popularity, adoption and implementation, it’s important for employers to properly position CDHPs and HSAs with employees. With so much misinformation around, employees may be confused and apprehensive about enrolling in these types of plans. Here are a few ways to help your employees embrace consumer directed health plans.

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Topics: HSA, Employers, HSA investing, tax savings, HSA questions

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

Three things you should know about HSAs - Part 2: Growing your HSA funds

Posted by HealthEquity on Aug 7, 2018 10:47:16 AM

Note: This is the second of a 3-part series of blog posts. A previous blog post discussed contributing to an HSA, and a subsequent post will discuss distributing (or spending) HSA funds.

Since 2003, when they were created, millions of Americans have taken advantage of health savings accounts (HSAs) to save money for healthcare expenses and retirement.

One major advantage of an HSA is that accountholders can grow their HSA funds tax-free.1 And because HSA funds roll over every year, those funds can grow all the way into retirement, saving a lot of money in taxes over time.

Below are three basic ways HSA owners can grow their funds:

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Topics: HSA, HSA investing, HSA questions, HSA contributions

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