Health Savings Accounts

Latest

Your Guide to Open Enrollment 2023

Employee Benefits Health care costs continue to climb, but subsidies will make some plans more affordable.

Employee Benefits

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  Savvy Strategies for Your Health Savings Account

  health savings accounts HSAs are a super tax-advantaged way to save for health care expenses if you have a high-deductible health plan. So what are you waiting for?

  By Andrew Rosen, CFP®, CEP Last updated 30 September 22

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  Young Professionals Could Avoid Six Figures in Lifetime Taxes With an HSA

  health savings accounts Running the numbers shows how health savings accounts could save one couple $160,000 in taxes. With open enrollment coming up, millions of workers should consider this tool’s benefits.

  By Matthew Broom, CFP® Published 16 September 22

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  Abortion and Taxes: What Happens Now Without Roe v. Wade?

  Women & Money See how abortion-related medical expense deductions, HSA and FSA payments, employer-provided travel, and charitable contributions will be handled now that Roe v. Wade has been overturned.

  By Rocky Mengle Published 29 June 22

  Women & Money
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  Do You Realize the Power of HSAs? Probably Not!

  health savings accounts Health savings accounts have tax-zapping superpowers. Check out these top 10 tips to help maximize the benefits of your own HSA.

  By Rob Grubka, Fellow in the Society of Actuaries Published 27 May 22

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  HSAs Make Healthcare More Affordable

  Healthcare Tax-advantaged health savings accounts allow you to save for a broad range of short-term and long-term medical expenses.

  By Emma Patch Published 26 May 22

  Healthcare
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  The Ultimate Retirement Savings Account? Surprise, It’s an HSA!

  health savings accounts Health savings accounts are the best deal out there for anyone saving not just for health expenses, but for retirement too. Here’s how to make their tax advantages work for you now and in the future.

  By Kevin Webb, CFP® Published 5 January 22

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  The One Account That Every Millennial Should Consider

  health savings accounts One of the best investments you can make, with incredible tax-fighting potential, is something many people overlook or don’t even know about.

  By Justin Champlain, CFP® Published 7 December 21

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  Smart Year-End Move: Manage Your Employee Benefits

  Financial Planning For 2021, employers may provide a 12-month grace period for both types of flexible spending accounts.

  By Rivan V. Stinson Published 27 October 21

  Financial Planning
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  COVID-19 Home Test Kits and PPE are Tax Deductible

  Tax Breaks You can also pay for home testing kits and personal protective equipment with FSA and HSA funds.

  By Rocky Mengle Published 10 September 21

  Tax Breaks