CARES Act - Buying over-the-counter medicine with an HSA just got easier

HSA, tax savings, HSA questions, HSA spending

 

The recent Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) signed into law includes a key provision that can benefit everyone with a health savings account (HSA) or other health accounts.*

Those with an...

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CARES Act - Seeing the doctor without going to the doctor

HSA, HSA questions, HSA spending

Congress recently passed the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), a $2 trillion stimulus bill to aid the recovery from COVID-19. Included in the bill is language that created a temporary...

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HSAs and last-minute 2019 tax deductions

HSA, tax savings, HSA questions, HSA spending

Note: When this blog article was originally posted, April 15, 2020 was the tax filing deadline for 2019 tax year. With the impacts being felt by COVID-19, the Internal Revenue Service (IRS) has extended the tax filing deadline...

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HSA March Happiness bracket

HSA, HSA questions, HSA benefits

It’s bracket time!

No, not that bracket, although some of us may fill that one out as well. Here at HealthEquity we’re more excited about our HSA March Happiness Bracket.

We’ve taken 16 benefits of HSAs (our Savvy Sixteen, if...

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How millennials can use HSAs to balance life and work

HSA, HSA questions, millennials

A 2016 survey by Deloitte found that Millennials (those born between 1981 and 1997) “value work/life balance higher than any other job characteristic.” While the definition of “work/life balance” may mean different things to...

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HSAs and last-minute 2018 tax deductions

HSA, tax savings, HSA questions, HSA spending

“In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin

Historically, April 15 isn’t the best day. Abraham Lincoln died on April 15, 1865. The Titanic sank on April 15, 1912.

And, of...

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Being savvy with HSAs and consumer driven healthcare (CDH)

HSA, Employers, tax savings, HSA questions, HSA spending

One of the best ways to talk to your employees about how they can save money on healthcare expenses is to pose a hypothetical situation like the following:

Ask them to think about the last time they purchased a car. Did they...

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How to position consumer directed healthcare and HSAs with your employees

HSA, Employers, HSA investing, tax savings, HSA questions

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...

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What fees reveal about your HSA provider

HSA, Fees, HSA investing, HSA questions, HSA fees

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...

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Making HSA-qualified health plans work for low-income employees

HSA policy, HSA, tax savings, HSA questions

For some people, the costs of healthcare are manageable at their present income level.  However, for a growing number of individuals in the U.S., the cost of healthcare has become overwhelming and utterly unaffordable. For...

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