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HSA grow without being taxed; and Tax-free withdrawals – Funds used for qualified medical expenses are not taxed when withdrawn.
Americans Are Increasingly Worried Over Healthcare Costs
As more U.S. workers list healthcare costs as a top concern, Fidelity finds a higher number of workers with HDHPs are opening HSAs
April 12, 2023
Retirement Plan Coverage to See Massive Growth by 2026
The increase will especially be prevalent among small businesses, predicts a new report by Transamerica
March 24, 2023
HSA Bank Grows Employee Wellness Offerings
The HSA administrator is expanding its employee benefits offering to include services outside of financial wellness
February 21, 2023
HSA Balances Have Grown Since 2020
The average end-of-year HSA balance for 2021 was higher than the beginning of the year, at $3,902 compared to $2,645, finds EBRI
January 26, 2023
Award-Winning Thinking: Economist Shows HSAs can Increase Retirement Savings, Lower Taxes
Health economist Adam Leive recognized by TIAA Institute for highlighting how consumers are missing opportunities to reduce healthcare costs
January 9, 2023
2023 Changes to 401(k), HSA Contribution Limits and a Historic Social Security COLA
The New Year means new annual contribution limits for various retirement plans take effect, as well as an 8.7% Social Security raise
December 29, 2022
Your 7-Point Year-End Retirement Checklist
Here’s seven things advisors can remind plan sponsors they need to have on their “to-do” list prior to the end of the year, courtesy of Innovest’s Frank Cornett and Dustin Roberts
December 9, 2022
Top 10 HSA Risks (401(k)s and HSAs, Better Together, Part Three)
Superior Health Savings Account (HSA) designs avoid the Top 10 risks—risks of commission and omission. Done right, HSA-capable coverage will complement your 401k plan—in both the accumulation and decumulation phase
November 10, 2022
How HSA Plans are Starting to Resemble 401(k)s
More employers are embracing 401k-like features for their Health Savings Account programs according to a new Plan Sponsor Council of America study.
October 28, 2022
Why HSAs and 401(k)s Are Better Together (Part Two)
Those who save in both a Health Savings Account (HSA) and a 401k can achieve a superior, synergistic outcome – dramatically better than participation limited to only one of the two accounts
October 26, 2022