Health Savings Accounts
News, insights and expert analysis on health savings accounts from the team at Kiplinger.
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5 HSA Benefits You Might Not Know Abouthealth savings accounts Health savings accounts are an often-misunderstood and overlooked opportunity for American workers. Here’s why they are worth a close look during this year’s open enrollment period.
By Rob Grubka, Fellow in the Society of Actuaries
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HSAs Get Even BetterFinancial Planning A health savings account is a powerful, tax-advantaged tool to cover out-of-pocket medical expenses and a smart way to save for medical expenses in retirement. New rules in 2020 let HSAs and flexible spending accounts (FSAs) cover even more of your health expenses.
By Lisa Gerstner
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IRS Allows Mid-Year Changes to Health Plans, Expands FSAs and Moretaxes The added flexibility should help workers deal with unexpected medical and dependent care expenses from the coronavirus outbreak. But not every employee will benefit from the new IRS rules.
By Rocky Mengle
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Best Health Savings Accounts for Your Moneysavings If you use money outside of the HSA to pay medical bills now, you can build up cash tax-free for future medical expenses.
By Sandra Block
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