Search Results for: hsa

HSAs: Little Understood, But Here To Stay

Back in December 2003—well before there was an Affordable Care Act, let alone talk of repeal and replace—then-President George W. Bush created health savings accounts (HSAs). Still scarcely understood, HSAs have nonetheless grown in popularity. According to the Devenir Group, … Continue reading

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Health Savings Account and HSA Tax Advantages

Saving for medical expenses with a health savings accounts paired with a high deductible health plan has tax advantages for adults of all ages. Learn more about HSA contribution limits, what qualifies as an HDHP and how to get an … Continue reading

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Why you should max out an HSA account

Apart from an employer-sponsored 401(k) plan, a health savings account is a good savings vehicle that high-income workers can use to save for retirement, according to this article on Forbes. An HSA offers triple tax benefits—tax-deductible contributions, tax-exempt growth on … Continue reading

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7 Benefits of HSA accounts

Health Saving Accounts or HSAs, haven’t gotten anywhere near the amount of press—nor the attention from people shopping for health care over the past several years. That could be because most people, really don’t understand HSAs. Nor are they aware … Continue reading

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HRA, HSA and FSA – Changes Under Health Reform

The Affordable Care Act (known as ACA or health reform) was signed into law in 2010 and impacts many areas of health care and health insurance, including medical reimbursement programs such as HRAs, HSAs and FSAs. Here’s an overview of … Continue reading

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Here’s how advisors can help clients avoid costly Medicare mistakes

KEY POINTS For individuals turning 65, the decisions made around Medicare coverage will have a huge financial impact on their retirement. Missing a special enrollment period, staying too long on COBRA. Contributing to a health savings account are all ways … Continue reading

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Medicare and Employer Coverage

Medicare and Employer Coverage Medicare coordinates benefits with your employer coverage If you are 65 + (or turning 65 soon) and will have both Medicare and Employer Coverage too because you are still actively working, you have a number of … Continue reading

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The truth behind health savings accounts.

Myth 1:  You don’t need it. Truth: Yes, you do. There are some pretty tough (but true) numbers coming your way: 81 and 76. According to the Centers for Disease Control and Prevention, these are average life expectancies for women … Continue reading

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Consumers Can Shift Health Savings Accounts For Better Options

By Michelle Andrews This week, readers wrote in with questions about health savings accounts and the “Cadillac tax.” Adding grandchildren to a health plan cropped up too. Q. Last year, my wife and I opened a health savings account. Since … Continue reading

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President Trump and the Future of Obamacare

The election of Donald Trump as the next president of the United States raises big questions about the future of the Affordable Care Act, the law commonly known as Obamacare. To help health insurance shoppers and policyholders better understand Republican … Continue reading

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