Browsing Tag
Health Savings Accounts (HSA)
216 posts
A Health Savings Account (HSA) is a tax-advantaged savings account that individuals can use to pay for qualified medical expenses. It is designed to work alongside a high-deductible health plan (HDHP) and offers three major tax benefits: Tax-deductible contributions – Money you put into the account reduces your taxable income; Tax-free growth – Any interest or investment earnings inside the HSA grow without being taxed; and Tax-free withdrawals – Funds used for qualified medical expenses are not taxed when withdrawn.
Health Savings Accounts—Separating Help from Hype
HSAs are proving themselves to be an effective way to save for the single largest expense in retirement—health…
July 7, 2018
Big News for HSA Asset Growth
Whether it’s an overall reflection of the rising popularity of the product, or a concerted company effort to…
June 14, 2018
Why 401(k) Participants Should Use Health Savings Accounts
The SEC recently released a helpful bulletin (wait, what?) to provide participants with information about health savings accounts.…
June 6, 2018
Health Savings Accounts Get Their Own Designation
Formal training on health savings accounts seems like a good idea—and Access Point HSA is on it, offering…
May 15, 2018
IRS Clarifies Health Savings Account Contribution Limits
A bit of confusion was cleared by the IRS on Thursday with its announcement that the maximum deductible…
April 30, 2018
How to Get People ‘Lined-Up Around the Corner’ for HSAs
Discover HSA tax reform insights and why HSAs remain a smart retirement savings tool with better tax advantages than 401(k)s.
March 22, 2018
Half of the Public Clueless About HSAs
Only 51 percent of Americans are in-the-know when it comes to Health Savings Accounts (HSAs)—a striking figure considering…
March 12, 2018
More Like 4-0-None (K): Less Than Half of Workers Contribute
Only 49% of U.S. workers use employer-sponsored 401k plans, and just 37% contribute to individual retirement accounts, per Edward Jones.
February 27, 2018
HSAs and 401(k)s: Not an ‘Either/Or’ Discussion
HSA and 401(k) contributions work better together, with participants saving more when contributing to both plans instead of one.
February 23, 2018
Has Enrollment in HSA-Eligible Health Plans Stalled?
It’s concerning, but makes sense when the reasons are examined. Despite the recent spotlight on HSAs, new research…
February 21, 2018