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It’s time for a pop quiz! Test your knowledge of eligible expenses for Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) with the following questions. The answers are below. (Don’t worry – I won’t grade your answers). Good luck! Pop Quiz – FSA/HSA Eligible Expense Questions My child is >>
Health Savings Accounts (HSAs) tend to generate a lot of questions from participants and people interested in opening an account. One of the most frequently asked questions (FAQs) about HSAs is, “When can I open an HSA?” I have an answer to this question and other HSA FAQs below. HSA >>
Back during enrollment season, many parents signed up to participate in a Dependent Care Assistance Plan (DCAP) through their employer. The intention behind a DCAP is that it allows people to put aside funds for child care and save some on taxes, since it is a pre-tax benefit. However, due >>
June is National Men’s Health Month. Gentlemen, if you have a healthcare benefits account, like a Flexible Spending Account (FSA) or Health Savings Account (HSA), you have a great tool at your fingertips to help you manage your personal healthcare and pay for it too. You don’t need to be >>
A common concern for many people during a layoff or furlough is their eligibility for COBRA benefits. It can be a scary prospect to go from having group health coverage to having to shop for new insurance. Learn more about the difference between a furlough and a layoff, COBRA eligibility, >>
On Tuesday, May 20, the IRS published the 2021 rates for Health Savings Accounts (HSAs) and high deductible health plans (HDHPs). Next year, starting on January 1, HSA owners will see an increase in annual contribution limits and out-of-pocket maximums. Learn more about the 2021 HSA contribution limits below. 2021 >>
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