HealthEquity blog

How to retire younger using an HSA

FIRE (Financial Independence, Retire Early) is quickly becoming a new mantra for young workers and it just may be a solution to retiring early. It has piqued the interest and been reported in major news outlets like the New...

Do CDH plans really work?

HSA, tax savings, 401(k), HSA contributions

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...

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...

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...

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...

2019 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...

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...

The HSA Raven

HSA, Employers, tax savings, HSA contributions, Open Enrollment

Once upon a noon day napping, with my co-workers making a constant yapping,

Over oft-discussed matters of weather and how their team played the night before —

While I drifted, not quite sleeping, suddenly there came a knocking,

Why employees leave and how to keep them using a health and wealth strategy

HSA, Employers, tax savings, retirement, 401(k), HSA contributions

Since the inception of the employer-employee relationship there has been employee turnover. Every employer knows that turnover is inevitable and have factored in the costs into the price of doing business.

One way to lengthen...

Often overlooked tax benefits of HSAs for employers

HSA policy, HSA, Employers, tax savings, HSA questions

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.