Browsing Tag
Health Savings Accounts (HSA)
219 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HSA grow without being taxed; and Tax-free withdrawals – Funds used for qualified medical expenses are not taxed when withdrawn.
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
In Wake of Tax Reform, Compelling HSA Reasons Remain
HSA vs 401(k): Discover how HSAs compare with 401(k)s in tax efficiency, flexibility, and retirement planning advantages.
February 12, 2018
Which Investment Wins the Accumulation Horse Race?
Suppose you want to best utilize $100. You could put it to work in a traditional or Roth…
January 22, 2018
HSAs: Why One Size Doesn’t Fit All
The flexibility offered by a health savings account makes it a powerful financial tool for a variety of reasons. Here's why.
January 14, 2018
What Now? 401(k)s in the Wake of Tax Reform
401(k) Tax Reform explained—impact on retirement plans, HSAs, and state-run savings programs with insights from Ascensus’ David Musto.
January 8, 2018
401(k) Balances Skyrocket, Hit New Highs
Retirement account balances reached all-time highs for the fourth consecutive quarter. Helped by strong stock market performance, the…
November 5, 2017
4 Important Findings About HSA Savers
Great news. HSA participants are saving and not spending, with the vast majority of health savings account (HSA)…
September 19, 2017
6 Reasons Why We Love Health Savings Accounts
With healthcare open enrollment season quickly approaching, 401(k) plan advisors and sponsors may want to spend time educating…
September 5, 2017