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.”
Topics: HSA, HSA fees, HSA questions, Fees, HSA investing
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 example:
Topics: HSA, HSA questions, tax savings, HSA policy
As an employer, you are likely looking for ways to save healthcare costs without hurting the overall morale of your employees. One option to explore is offering high deductible health plans to reduce your rising premium costs.
Topics: HSA, HSA questions, tax savings, HSA policy, Employers
One of the greatest advantages of a health savings account (HSA) may also be one of the least well-known. The triple-tax advantages of HSAs, as well as the fact that HSA balances roll over each year are great, but did you know that there is no expiration date to reimburse yourself for qualified medical expenses? This means you can “save now, and cash in later.”
Topics: HSA, HSA questions, tax savings, HSA policy
Health savings accounts (HSAs) are one of the most effective options to save money for healthcare expenses and retirement, but many accountholders don’t take advantage of all the benefits. Some of your employees may already have good HSA habits, but understanding more about how to use them can help make a good HSA program a great one. Here are 7 tips to help employees win with their HSA:
Topics: HSA, HSA questions, HSA contributions, tax savings, HSA contribution limit
