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 Money is deposited pre-tax, can grow tax-free, and can be withdrawn tax-free to pay for qualifying...
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...
What is a Health Savings Account (HSA)? A Health Savings Account (HSA) is a medical savings account that you own! In this guide to health savings accounts, you'll learn about the basics to see if an HSA is right for you. If you are enrolled in a High Deductible Health...
Wondering about the difference between HSAs, HRAs, and FSAs? You're not the only one who feels like there are too many acronyms and too little time. HSAs, HRAs, and FSAs are accounts used to pay for qualified medical expenses, prescription drugs, dental and vision...
This guide to flexible spending accounts will help you decide if they are the right fit for you. A Flexible Spending Account (FSA) is an arrangement through your employer that lets you pay for many out-of-pocket expenses with tax-free dollars. Allowed expenses include...