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
Continue readingIf 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,
Continue readingWhen 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
Continue readingIf 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)
Continue readingHaving 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
Continue readingWe 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
Continue readingHealth Savings Account (HSA) owners can truly appreciate the abundance of perks of having this healthcare account. First, there is the triple tax savings of tax-free contributions, tax-free withdrawals
Continue readingLast week, the Internal Revenue Service (IRS) released Rev. Proc. 2020-45, announcing the annual contribution limits and maximum carryover for Flexible Spending Accounts (FSAs) and contribution limits
Continue readingMany employers offer Health Reimbursement Arrangements (HRAs) as part of their benefits package. While most people understand how a Flexible Spending Account (FSA) or Health Savings Account (HSA) works,
Continue readingDuring enrollment season, a lot of employees wonder, “Can I have an FSA and HSA at the same time?” After all, both accounts are popular and people want to maximize their tax savings and lower
Continue readingEnrollment season is here and your company will likely be talking about benefits in the near future. If you participate in your employer’s plan, you’re probably wondering, “How much
Continue readingOpening a Health Savings Account (HSA) can be easy and it can change your outlook on your personal healthcare. With the triple tax savings of tax-free contribution, withdrawals for eligible expenses,
Continue readingOpen enrollment season is right around the corner. Between September and December many companies start allowing their employees to sign up for benefits for the next year – which often includes health,
Continue readingIt’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
Continue readingHealth 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
Continue readingBack 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
Continue readingJune 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
Continue readingA 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.
Continue readingOn 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
Continue readingThe current healthcare and employment crisis caused by COVID-19 has a lot of people wondering about their benefits. From using their healthcare benefit accounts, to childcare, to COBRA, it can all seem
Continue readingBy participating in your employer’s benefit plan, you probably have a lot of questions. How can I spend my benefit money? How much do I need to contribute to my account? Can I make a benefit election
Continue readingWhen 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
Continue readingHealth Reimbursement Arrangements (HRAs) are a key part of consumer directed healthcare and employer-sponsored benefits. In recent years, HRAs have had renewed interest from both employers and workers
Continue readingThe IRS announced that the 2020 tax filing deadline has been extended to July 15, 2020. If you have a Health Savings Account (HSA), here’s some interesting news: you can make HSA contributions for
Continue reading“All you need is love …” We’ve all heard that before, but is it really true? Fact is, being in a loving relationship provides all sorts of health benefits. Fewer doctor’s visits, less depression
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