Your health savings account (HSA) packs more punch than ever.
The IRS announced higher HSA limits for the 2021 tax year, which means opportunity to save even more.
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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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The $2 trillion Coronavirus stimulus bill, called the CARES Act, is making headlines as the largest rescue package in American history. It also includes several provisions that will make a major impact on those with health...
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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...
Read MoreYour one-stop review for 2020 retirement, health and commuter contribution limits
HSA, tax savings, retirement, 401(k), HSA contributions, FSA contribution limit, high deductible health plan
The IRS announced updated contribution limits for 401(k)s and other tax-advantaged accounts1 for 2020. These increases are more than just random numbers – they translate to significant opportunities for your employees to...
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Health savings accounts (HSAs) provide many benefits to employees and can be a great way for them to save money on taxes1 and save for the future. However, you as an employer can also benefit from HSAs, and the savings can...
Read MorePreparing for retirement? An HSA can help
HSA, tax savings, retirement, HSA contributions, HSA benefits
Whether you are a baby boomer nearing retirement, a Generation X’er in the middle of your career or a millennial just starting out, you have at least one thing in common with your co-workers:
You need to prepare for retirement.
Read MoreMillions of Americans could benefit from newly introduced legislation: #MedicareHSA
HSA, tax savings, retirement, HSA contributions, HSA benefits, high deductible health plan, Medicare
A bi-partisan effort in Congress is underway that would allow Medicare recipients to open and contribute to a health savings account (HSA).
H.R.3796, the Health Savings for Seniors Act, would allow more than 57 million...
Read MoreHow HSAs can help your employees
HSA, Employers, tax savings, retirement, HSA contributions, HSA benefits, employees
An important part of any business is to attract and retain highly-skilled workers. Most employers provide benefits ranging from paid vacation time and tuition reimbursement to bonuses and raises.
And then there are health...
Read More3 ways to maximize HSAs as a retirement account
HSA, tax savings, retirement, HSA contributions, HSA benefits
A health savings account (HSA) can be a great way to save for healthcare expenses in retirement. Employee Benefits Research Institute (EBRI) estimates that a couple in retirement will need $301,000 to have a 90% chance of...
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