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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 >>
If you put off taking care of some expensive healthcare needs in 2020, this year could be the year to get them done. Why? Because if your employer’s plan has full Flexible Spending Account (FSA) rollover, you may have a sizable balance to spend. Learn more about this FSA spending >>
When you see your physician, visit the pharmacy, or make another healthcare-related purchase, you may wonder “Why should I keep my healthcare receipts?” Whether the expense was for yourself or a qualified dependent, there are some important reasons to keep your receipts. If you have a Flexible Spending Account (FSA), >>
If you had a health or dependent care FSA in 2020, there is some good news. Just prior to the new year, the Consolidated Appropriations Act, 2021 (often referred to as the second COVID stimulus bill) was passed into law on December 27. This bill could provide a lot of >>
Having a Health Savings Account (HSA) comes with many perks. There are the tax-free contributions, withdrawals, and growth; flexible spending options for many qualified healthcare expenses; and account ownership for life. One frequently asked question for HSA owners is whether or not there is an HSA claim time limit. Find >>
We have just 4 short weeks to go before the end of 2020 – which could be a blessing. Before you ring in the new year, you may need to go on a healthcare shopping spree. There are a lot of people who have not used their Flexible Spending Account >>
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