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...
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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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The cost of healthcare continues to steadily rise year over year. In an environment of escalating premiums, many employers are in search of alternatives to the status quo. Whether the solution is a lower cost plan or increased...
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“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...
Read More5 ways to get your employees excited about HSAs
HSA, Employers, HSA investing, HSA contributions, HSA spending
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...
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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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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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The IRS announced last year that health savings account (HSA) contribution limits have increased for 2019, giving you and your employees the chance to save more than ever.
As a response to rising inflation, the contribution...
Read More2019 FSA contribution limit increased
HSA, Employers, tax savings, HSA contributions, FSA, FSA contribution limit
It’s official. The IRS has just announced that for 2019, individuals can contribute $2,700 to their FSA. That is an increase from the 2018 limit of $2,650. The FSA increase also applies to limited-purpose FSAs (LPFSA) that is...
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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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