With open enrollment less than a month away and the average premium increase at 13.5%, millions of federal employees are reevaluating their health insurance plans. While health insurance may not be ...

One of the most common notices from the IRS that my clients receive relates to distributions from their Health Savings Accounts (HSA). It is important to properly report these distributions from the ...

Health savings accounts offer a triple tax advantage. Learn how to maximize your HSA for long-term growth and tax-free ...

・Here's a list of which medical expenses are HSA-eligible and which aren’t. ・This matters so that you can avoid penalties on non-qualified HSA withdrawals. ・Make sure your HSA expense qualifies before ...

Health savings accounts (HSAs) are investment accounts that allow you to set aside pre-tax dollars for "qualified medical expenses" to pay for outlays not covered by your health insurance plan. By ...

(Washington, D.C.) – A new research report, “Health Savings Account Balances, Contributions, Distributions, and Other Vital Statistics, 2023: Evidence From the EBRI HSA Database,” published today by ...

HSA vs HRA: how do these health accounts work?

If you have a health savings account but not enough money to cover your medical expenses, you are not necessarily doomed to insurmountable debt even if you owe on old medical bills. Alexandra Wilson, ...

The House-passed reconciliation bill would significantly modify health savings accounts (HSAs) and individual coverage health reimbursement arrangements (ICHRAs). Our Employee Benefits & Executive ...

Medical expenses are a part of life and can arise at any time. According to the American Medical Association, the average cost of healthcare in 2022 for a person is $13,493. Most people need a safety ...

With American retirees living longer, but likely requiring increased health care provision, the importance of ensuring that retirement planning includes health costs is clear. But while health savings ...