In today’s busy and often stressful world, it can be difficult to maintain healthy habits and practice overall wellness. Along with supporting general mental and physical health, wellness techniques help reduce the likelihood of developing serious health issues like...
Both a health savings account (HSA) and a flexible spending account (FSA) allow you to pay for medical care with pre-tax dollars, which reduces the cost of care. With health care accounting for 8.1 percent of Americans' average monthly expenses, these tax shelters are...
People today have so many choices when it comes to how, when, and where they receive health care. Options are great until they get overwhelming. How do you tap into those options and walk away a savvy healthcare consumer—someone who knows how to navigate your...
One of the most important considerations when choosing a health plan is your total costs for the year. By total costs, we mean how much you’ll pay in premiums (usually straight from your paycheck) and out-of-pocket costs for your care. Even though crunching the...
Open enrollment and the months leading up to it are often the busiest time of the year for benefits professionals. Along with finalizing benefit details, they’re busy gathering resources and supports that will help employees understand and choose the right benefits...
Health savings accounts (HSAs) are powerful vehicles for helping consumers pay for healthcare expenses—in large part because of their associated triple tax benefit. Money is deposited pre-tax, can grow tax-free, and can be withdrawn tax-free to pay for qualifying...
Here at MyHealthMath, we love our team. Each month, we select a team member to share with our network, so that you can get to know us from the inside out. This month's team member is Caitlin Forbes. What inspired you to work at MyHealthMath? Before coming to...
You’ve switched (maybe for the first time ever) to a high deductible health plan (HDHP). The plan can save you money, but you’ll need to know how to use an HSA (Health Savings Account)—a special type of savings account that comes with your new plan. Along with...
Consumer-Driven Health Plans (CDHPs) have significant financial advantages, namely lower monthly premiums and the triple tax benefit of a health savings account (HSA). Employers can help lower wage earners overcome barriers to HSA adoption, so that employees across...