Health Savings Account (HSA) Resources

Having a sizable amount of taxable income sounds and feels great until tax time. Make a point to talk with your tax preparer or financial advisor to do an estimated tax projection mid-year and develop a plan for minimizing taxes that makes sense for you.

You can contribute pre-tax dollars, invest the funds while enjoying tax-free growth, and withdraw the funds free of tax if used for qualified medical expenses.

Many understand the tax advantages of employing a health savings account for themselves or their family, but few know how it can be used for an adult child. Check the rules to see if your adult child can open their own HSA.

Individuals with personal or group coverage (not Medicare) may have access to healthcare savings accounts that can be used independently or even paired together to maximize tax benefits.

Any health diagnosis is typically unexpected and can turn our world upside down. Understanding the financial impact can alleviate anxiety and allow you to focus your energy on the days ahead.

What if I told you a Health Savings Account is the most tax efficient and versatile retirement account you own? Believe it or not, with proper planning, an HSA can blow the doors off your 401(k), IRA, or even a Roth IRA!

Investing in a Health Savings Account (HSA) can be a great way to potentially achieve long-term tax-free growth on your money. If your company’s HSA has an investment component to it, it’s important to ensure that the investments you’re choosing match your risk tolerance. To find out more, read on.

By law, Health Savings Accounts are so tax-efficient they may be the best investment vehicle available. Then why are we not maximizing their use?

Most of us are familiar with the terms HSA and FSA, but chances are you might not understand the differences between the two medical savings accounts. While both can be offered by employers in conjunction with a health insurance plan, the two accounts have some marked differences. Read on for the details.

HSAs are rising in popularity, and some are using these accounts as investment vehicles. So how do you know if you’re getting the most out of your HSA? It’s important to understand the details of HSAs and your financial situation to determine if investing these funds makes sense for you. We’ve outlined the basics, along with questions to be sure to ask yourself before deciding.

Medicare can create quite a bit of confusion: When should I enroll? What coverage do I need? What happens with my HSA? Unfortunately, if you’re contributing to a Health Savings Account, enrollment in Medicare can create an issue. Be sure you understand how Medicare will impact you and your family so you can make informed decisions about your health coverage and avoid any penalties.

It has become increasingly popular to keep your “adult” children on your health insurance plan until age 26, but it’s not as simple as just letting them use your insurance coverage. Read on for the ins and outs of health insurance and HSAs and what that might mean for your adult children.