Once you enroll in Medicare, you’re no longer eligible to put pretax funds in an HSA. You can use money already in your HSA to pay for some Medicare costs, but there’s a tax penalty if you put pretax ...

To get the most out of these plans, it’s important to understand how they work—especially since many FSAs are about to expire ...

Americans age 55 and over hold an estimated $52 billion in their health savings accounts (HSAs), according to HSA investment company Devenir’s most recent research. It’s no surprise that as clients ...

More Americans are now eligible to open health savings accounts. Here's who they benefit most and how to set one up.

The Difference Card reports HSA accounts are employee-owned and portable, while HRAs are employer-funded and nonportable, ...

Health savings accounts offer a triple tax advantage. Learn how to maximize your HSA for long-term growth and tax-free ...

A Health Savings Account (HSA) is like a financial Swiss Army knife: It has tools to cut your current taxes, slice your medical costs and tighten the scaffolding on your retirement savings. But, with ...

In a frequently cited June 2022 article in Health Affairs, Sherry A. Glied, Dahlia K. Remler, and Mikaela Springsteen argue that health savings accounts (HSAs) are no longer functioning as originally ...

One of the most common notices from the IRS that my clients receive relates to distributions from their Health Savings Accounts (HSA). It is important to properly report these distributions from the ...

A recent rule change requiring higher earners to use Roth accounts for catch-up contributions has some adopting a different ...

At first, an HSA might seem like a niche tool for covering healthcare expenses, but don't overlook this incredibly useful ...

Health savings accounts can be valuable components of individuals’ savings toolkits, especially for those who can afford to pay their actual health care expenses out of pocket while leaving their ...