Captain Contributor and Betty the Benefactress

Watch even more of The Adventures of Captain Contributor and Betty the Benefactress!

And keep your eye out for these villains spreading false information about your benefits!

IRS Reveals 2022 HSA Contribution Limits

The Internal Revenue Service (IRS) published the approved contribution limits for Health Savings Accounts (HSAs) in 2022. In the notice, the IRS also revealed high deductible health plan minimum deductibles and limits on out-of-pocket expenses. Read on to find out more about 2022 HSA contribution limits. 2022 HSA Contribution Limits >>

Qualified Healthcare Expenses for FSAs and HSAs

When you participate in a healthcare benefits account, such as a Flexible Spending Account (FSA) or Health Savings Account (HSA), you set aside money to help cover out-of-pocket healthcare expenses. With either account, you can use the money for yourself or a qualified dependent, like a spouse or child. The >>

COVID-19 PPE Eligible For FSA, HRA, HSA

As the fight against COVID-19 continues, the IRS is helping people with the cost of personal protective equipment (PPE). On Friday, March 26, the IRS released Announcement 2021-7, which qualifies PPE bought for the primary purpose of fighting COVID-19 as eligible medical expenses under section 213(d) of the Internal Revenue Code. >>

Tax Deadline Tip: HSA Contributions for the Previous Year

The IRS announced that the 2021 tax filing deadline has been extended to May 17, 2021. If you own a Health Savings Account (HSA), here’s some good news: you can make HSA contributions for the previous year before the tax deadline! Sound too good to be true? Well, according to >>

Just Eat It – Nutrition Needs as an Eligible Expense

Did you know that March is National Nutrition Month? In light of this designation, I would be remiss to overlook how you can use your Flexible Spending Account (FSA) or Health Savings Account (HSA) for nutrition eligible expenses. One thing to remember is that eligible medical expenses are strictly defined >>

HSA Funding – Do You Know About This Trick?

Health Savings Accounts (HSAs) are very popular among people with high deductible health plans (HDHPs). With this tax-advantaged benefit, a person can use their HSA to cover a large variety of out-of-pocket healthcare expenses. In addition, HSA owners can take advantage of triple tax savings: tax-free funding, tax-free interest, and >>

Who is that masked man and woman?