IRS issues relief for FSAs and other cafeteria plans

HSA, FSA, qualified medical expenses, hra

Employers offering section 125 cafeteria plans have the option of extending new relief to plan participants following recent guidance from the IRS and the Department of the Treasury.

The guidance, released May 12, 2020, was...

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National Sunscreen Day 2020: Celebrate with your HSA

HSA, FSA, qualified medical expenses, hra

Memorial Day weekend just kicked off the unofficial start of summer, and we’re thrilled to start spending more time outside.

More sun exposure means a greater health risk for the skin, however. For this year’s National...

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How monsters could use an HSA

HSA, qualified medical expenses, Halloween

It’s Halloween and that means it’s time for our annual “spooky” blog post. Today, we’re going to imagine how certain famous monsters1 could use a health savings account (HSA) to pay for relevant qualified medical expenses.2 

  

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HSAs and the U.S. healthcare system

HSA, retirement, 401(k), FSA questions, HSA benefits, CDHP, qualified medical expenses

In November 2018, Gallup released the results of a poll showing 79 percent of people were dissatisfied with the total  cost of healthcare in the United States. 

That same poll asked respondents to describe the U.S. healthcare...

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Qualified medical expenses

HSA, Employers, qualified medical expenses, HSA record keeping, non-qualified medical expense, IRS

A health savings account (HSA) is one of the most advantageous ways to save money for the future, including for retirement. Its primary purpose, however, is to help accountholders save and pay for current or future healthcare...

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