Category Archives for HSA
Having an HRA and HSA: The Best of Both Worlds
As the popularity of consumer directed healthcare (CDH) accounts rises, people want to know how they can get the most value out of them. When it comes to two pieces of the CDH puzzle, one frequently asked
Continue readingHSA Funding – Do You Know About This Trick?
Health Savings Accounts (HSAs) are very popular among those with high deductible health plans (HDHPs). A person enrolled in a qualified HDHP can open an HSA and use the account to cover a large variety
Continue readingTips to Help You Become a Better Healthcare Consumer
What is a healthcare consumer? For many people, the term patient comes to mind. The terms are nearly synonymous, but there are some slight differences – mainly cost considerations and amount of involvement.
Continue readingHealth and Wellness Holiday Tips to Help Maximize FSA and HSA Benefits in 2018
It’s the holiday season and we all know what that means. Many of us are letting loose, shopping, cleaning the house, preparing rich, delicious foods for get-togethers. Not only are we trying to enjoy
Continue reading“When Can I Open an HSA?” and other HSA FAQs
When people learn about Health Savings Accounts (HSAs), they have a lot of questions. One of the most frequently asked questions (FAQs) about HSAs is, “When can I open an HSA?” I have an answer
Continue readingFAQ: Can I have an FSA and HSA at the same time?
For Health Savings Account (HSA) owners, a common question is, “Can I have an FSA and HSA at the same time?” Generally speaking, you cannot have a health Flexible Spending Account (FSA) and
Continue reading5 Reasons You Should Sign Up for a Benefits Debit Card
If your company sponsors Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs) or Transit/Commuter benefit accounts, you may be given the option during
Continue readingFSA vs HRA vs HSA: A Comparison with Chart
For employer-sponsored healthcare benefit accounts, there are Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Health Savings Accounts (HSAs). On first glance, the three
Continue readingHSA Contributions, Distributions, and Penalties
For those people who are enrolled in a high deductible healthcare plan (HDHP), you either own a Health Savings Account (HSA) or hopefully are considering one. HSAs provide participants with several significant
Continue readingWhich is Better: an FSA or HSA?
A common question people ask at enrollment meetings is Which is better: an FSA or HSA? The answer to this question is not as simple as it seems. The two accounts are very similar, but they have some major
Continue readingHow Much Should I Put In My FSA? (Or HSA?)
Enrollment season is here which means you’re probably wondering, “How much should I put in my FSA?” or “How much should I contribute to my HSA?” Budgeting for medical expenses
Continue reading2018 HSA Contribution Limits, Minimum Deductibles, and Out-of-Pocket Expenses
HSA owners, rejoice! 2018 HSA contribution limits are going up, as are maximum out-of-pocket expenses and minimum deductibles. Here’s a quick overview and chart of the 2018 HSA parameters. On May
Continue readingFSA, HRA, HSA Benefits Debit Card – Convenient and Secure
Card payments are part of everyday life. No matter where you go – doctors’ offices, pharmacies, grocery stores, retail shops, taxis, subway stations, and more – you can use a credit or
Continue readingTake Care of Back-to-School Preparations with Your FSA or HSA
August is here, which means the school year is right around the corner. If you have a Flexible Spending Account (FSA) or Health Savings Account (HSA), you can use them to help pay for some back-to-school
Continue readingWant to Grow Your HSA? Try Investing
Attention, HSA owners! While HSAs earn tax-free interest, interest rates are at historic lows. There is, however, another way to grow your account quickly. Consider investing your HSA funds to see substantial
Continue readingVIDEO: Captain Contributor Explains HSAs
" A Health Savings Account is a tax-advantaged benefit account for people enrolled in a high-deductible health plan. Account owners make pre-tax contributions in order to pay for IRS-approved eligible
Continue readingVIDEO: Captain Contributor Explains Benefits Debit Cards
" Benefits debit cards can link to any employer benefit account and enable employees to access their funds in FSAs, HSAs, HRAs, Dependent Care Assistance Plans and Transit Accounts. Watch this Benefits
Continue readingHSA Overview
So you want to know more about Health Savings Accounts (HSAs)? An HSA is a tax-advantaged benefit account for people enrolled in a high-deductible health plan (HDHP). Account owners make pre-tax contributions
Continue readingLimited Purpose FSA Overview
HSA owners: Let’s talk about the Limited Purpose FSA! A limited purpose FSA (LPFSA) is a tax-advantaged benefit account available only to those with an HSA. You may use the LPFSA to pay for qualified
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