Category Archives for HSA

Qualified 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

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Tax Deadline Tip: HSA Contributions for the Previous Year

The 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

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Love Your FSA/HSA: 6 Reasons to Embrace Your Benefits

“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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Tips for Reducing Medical Costs for Healthcare Consumers

The cost of healthcare is no laughing matter. In 2019, workers paid an average of $6,015 towards their health coverage, and the average annual out-of-pocket cost in the United States was $1,150 per person!

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Christmas and Your FSA: Creative Ways to Stuff Stockings

With just a few days before the end of the year, Flexible Spending Account (FSA) owners may need to spend down their balances. Due to use it or lose it (and even if you have the $500 carryover), losing

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HSA Contributions: Five Things You May Not Know

Every year, Health Savings Account (HSA) owners have to figure out how they’ll fund their accounts. If the HSA is through their employer, they can make pre-tax contributions each pay period. But did

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VIDEO: Captain Contributor Explains Benefits Debit Cards

Benefits debit cards can be used nearly everywhere No matter where you go – doctors’ offices, grocery stores, retail shops, and more – you can use a debit or credit card to pay for goods and

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VIDEO: Captain Contributor Explains HDHPs and HSAs

What are HDHPs and HSAs? What is an HDHP? Moving to a high deductible health plan (HDHP) can be a little scary, especially when looking at the amount of the deductible. One great thing about

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FSA vs HRA vs HSA: A Comparison with Chart

Healthcare benefits accounts can be confusing. On first glance, Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Health Savings Accounts (HSAs) look very similar. However,

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Generation Z: Why an HDHP with HSA makes sense

Generation Z – you’re young, you’re healthy, and you’re starting to make your presence felt in the workplace. But during benefits enrollment, you may feel overwhelmed. Don’t worry, because you

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Benefits Villain Rap Sheets

​​​​NEFARIOUS ACTIONS 1) Says if you're fired from your job, you aren't eligible for COBRA benefits.  FALSE!  Eligibility is not affected by the reason you

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Preparing for Enrollment Season – 5 Tips for Employees

For millions of people across the U.S., enrollment season is right around the corner. Each Fall, companies set aside a period of two to three weeks to allow employees to pick and choose which benefits

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Building Your HSA: Growth and Investing Tips

Attention, Health Savings Account (HSA) owners! Growing your HSA may seem challenging, but it’s possible. Check out these tips for building your HSA from the ground up. What is an HSA? For people

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Back-to-School Shopping with Your FSA or HSA

August is here, which means the school year has just begun (or is about to begin) for students across the country. If you have a Flexible Spending Account (FSA) or Health Savings Account (HSA), you can

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VIDEO: Captain Contributor Explains Preparing for Enrollment

Questions About Enrolling in Your Benefits A lot of people don’t fully understand their benefits package, and blindly make important healthcare choices. This year, challenge yourself to do

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Keep the Summer Fun Going with your FSA!

Summer is in full swing across the country! The sun is out, the weather is warm, and everybody is getting outdoors. Whether you’re looking to have fun at the beach, hang out by the pool, go camping,

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Recognizing Symptoms and Getting Treatment for PTSD

Post-Traumatic Stress Disorder, also known as PTSD, is a common condition suffered by millions of people. PTSD affects approximately 3.5 percent of all adults in the United States; it is also estimated

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HSA FAQ: What Happens to My HSA When I Die?

As enrollment in high deductible health plans grows, so does the number of people with a Health Savings Account (HSA). HSAs are great for saving money on taxes and healthcare expenses. Plus, the HSA is

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More Online Retailers Accept Healthcare Benefits Cards

Earlier this year, Amazon.com announced it will now accept pre-tax healthcare benefits cards as a form of payment. The giant online retailer joins other companies, like FSAStore.com, HSAStore.com, and

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Your Mental Health Matters – Fighting Stigmas and Getting Treatment

May is Mental Health Awareness Month, making it a great time to talk about this sensitive subject (October 10 is World Mental Health Day). There is a lot of stigma around mental health, but according

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What is a Summary Plan Description?

If you receive healthcare benefits from your employer, you should have access to a Summary Plan Description (SPD). In a nutshell, the SPD provides important details about your company’s benefits

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Get Your Zzzz’s: Sleep, Wellness and Your Benefits Accounts

Is this the stuff of nightmares? 25 percent of adults in the U.S. report poor sleep health. While it may not seem scary on the surface, a lack of good sleep can be detrimental to your overall health and

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Heart health: Heart disease risk factors and ways you can get healthier

February is American Heart Month, which is pretty convenient with Valentine’s Day falling right in the middle. With that in mind, I have researched some facts about heart disease, risk factors, and

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Changing Health Insurance Coverage and Your HSA

Health Savings Accounts offer a slew of excellent benefits for account owners. In addition to the triple tax savings of tax-free contributions, tax-free withdrawals for eligible expenses, and tax-free

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HSA and FSA Contribution Limits for 2019

Attention – there is good news for employer-sponsored benefit accounts in 2019! The IRS has raised the annual contribution limits for Health Savings Accounts, Flexible Spending Accounts, and Commuter

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