HealthEquity blog

Three things you should know about HSAs - Part 1: Contributing to your HSA

Posted by HealthEquity on Jul 12, 2018 12:16:47 PM

Note: This is the first of a three-part series. Look for future posts on growing your HSA funds and distributing (or spending) your HSA funds.

Health savings accounts (HSAs) are one of the most tax-advantaged accounts allowed by the IRS, and every year more people are discovering the benefits of an HSA. In addition to helping people save for current healthcare expenses, HSAs can be used to save for retirement as well.

Because HSAs provide major tax advantages to accountholders, the IRS has created certain rules that govern how accountholders can contribute to their HSAs.

The following are some of the important things you need to know about contributing to an HSA:

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Topics: HSA, HSA contribution limit, HSA questions, HSA contributions

Account-based savings for employers

Posted by HealthEquity on Jun 29, 2018 3:57:09 AM

As an employer, you look for the best possible healthcare benefits for your employees; benefits that also fit your budget. The tasks required to evaluate and select these options can take many valuable hours of your time. Understanding different health plan types can be a good place to start when evaluating pros and cons.

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Topics: HSA, Benefit planning, Employers, HSA questions, HSA contributions

Set your employees up for success with an HSA

Posted by HealthEquity on May 29, 2018 11:50:00 AM

Helping your employees get started on the right foot with their HSA can make a big difference in the success of your benefits strategy. The following tips can help employees get the most out of their HSA plan:

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Topics: HSA, Benefit planning, Employers, HSA questions, HSA contributions

4 ways HSAs are good for your business

Posted by HealthEquity on Apr 26, 2018 12:15:03 PM

 

Many articles and news reports discuss how health savings accounts (HSAs) can benefit the average worker. In fact, there are many reasons why HSAs are one of the best options for your employees to save money on healthcare costs and to plan for retirement. But, HSAs can also provide significant benefits for your business, including helping you save money on taxes and health insurance for your employees.

Here are just a few of the benefits that HSAs and HSA-qualified plans can offer employers:

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Topics: HSA, tax savings, HSA questions

HSAs remain a valuable tax-saving option

Posted by HealthEquity on Mar 20, 2018 11:55:00 PM

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“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

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