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Category Archives for HSA
CDH Benefits Make Halloween Less Scary
Lots of people love Halloween, and Betty and I love to see the kids in their favorite superhero costumes! (Hint, hint!) People show their spirit by decorating houses and lawns, carving pumpkins, and dressing
Continue readingCan I have an HRA and HSA simultaneously?
As consumer-directed healthcare (CDH) accounts become more popular, people want to know how to make them work best. I’m often asked if someone can simultaneously have an HRA and an HSA. The answer
Continue readingHow to Become a Better Healthcare Consumer
What is the difference between a patient and a healthcare consumer? Many consider the terms synonymous, but there are some distinct differences. Primarily, a patient receives care, but a healthcare consumer
Continue readingBack to School and Your Benefits Accounts
Every parent knows how expensive the back-to-school period can be. In addition to clothing and school supplies, there are eye exams, updated eyeglass and contacts prescriptions, sports physicals, dental
Continue readingCaptain Contributor Explains Lifestyle Spending Accounts
Captain Contributor Explains Lifestyle Spending Accounts A Lifestyle Spending Account, or LSA, is a great way for employers to support their employees. These accounts can help to improve
Continue readingTop 5 Reasons You Need a Benefits Debit Card
Does your company sponsor Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs) or Transit/Commuter benefit accounts? If they do, they may offer you
Continue readingHSA Funding, Withdrawals, and Penalties
For people 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: FSA or HSA?
Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) offer a variety of benefits to account owners. While there are some similarities in the benefits, there are some major differences.
Continue readingFSA, HRA and HSA Benefits Funds on Debit Cards
In a 2019 survey, GOBankingRates found that more than 37% of Americans preferred using cash to credit and debit cards. Since then, the pandemic has shifted many of those opinions as people became concerned
Continue readingHoliday Tips to Help You Spend Your FSA and HSA Dollars
If enrolled in a Flexible Spending Account (FSA), you may be looking for ways to spend down your balance before the plan year ends. I’ve got some ideas to help you use up those remaining FSA dollars.
Continue readingWomen and Heart Disease
Did you know that heart disease is the number one killer of women? According to the Centers for Disease Control, approximately 1 in 5 female deaths is attributed directly to this cause. And 1 in 16 women
Continue readingStay Healthy in the Winter
Pandemic numbers are going down, but experts are afraid of a possible winter surge. Now more than ever, it’s important for everyone to work on staying healthy through the winter. From sleep to exercise
Continue reading2022 FSA Contribution Limits, Max Carryover, Transit Benefits
In Revenue Procedure 2021-45, the IRS published details on how Flexible Spending Accounts (FSAs) and qualified transportation benefits can be used in 2022. The adjustments accounts for inflation, and
Continue readingTips to Help Employees to Have a Great Enrollment Experience
Each Fall, typically between mid-October and mid-December, companies set aside a period of two to three weeks to allow employees to pick and choose which benefits they want for the upcoming year.
Continue readingVIDEO: Captain Contributor Explains Eligible Expenses
Captain Contributor Explains Eligible Expenses Good news! Your FSA or HSA account now has even more spending power! The CARES Act of 2020, expanded the use of Health Savings Accounts and
Continue readingQualified 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
Continue readingCOVID-19 PPE Eligible For FSA, HRA, HSA
In March 2021, 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
Continue readingHSA 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
Continue readingVIDEO: Captain Contributor Explains The Uniform Coverage Rule
Captain Contributor Explains the Uniform Coverage Rule It doesn’t take superpowers to know that the cost of healthcare is expensive. That’s why many employers offer tax-advantaged healthcare
Continue readingWhy You Should Keep Your Healthcare Receipts
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
Continue readingHSA Claim Time Limit: Fact or Fiction?
Having a Health Savings Account (HSA) comes with many perks. There are tax-free contributions, withdrawals, and growth. There are flexible spending options for many qualified healthcare expenses.
Continue readingVIDEO: Captain Contributor Explains HSA Funding
Captain Contributor Explains HSA Funding A Health Savings Account (HSA) is a great complement to a high deductible health plan (HDHP). A person enrolled in a qualified HDHP can open
Continue readingChanging Health Insurance Coverage and Your HSA
Health 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 readingVIDEO: Captain Contributor Explains Benefits Mobile Apps
Captain Contributor Explains Benefits Mobile Apps Smartphones are probably an everyday part of your life, but did you know you can use them for easy access to your benefits accounts? Whether
Continue readingFAQ: Can I have an FSA and HSA at the same time?
During 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
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