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 readingIn 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 readingIf 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 readingDid 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 readingPandemic 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 readingIn 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 readingEach 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 readingCaptain 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 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.
Continue readingIn 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 readingHealth 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 readingCaptain 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 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 readingHaving 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 readingCaptain 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 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 readingCaptain 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 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
Continue readingDuring enrollment season, your company will likely be talking about benefits. If you participate in your employer’s plan, you’re probably wondering, “How much should I put in my
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 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.
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 readingGentlemen, 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
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
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
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