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They can be a more tax-effective way to save for retirement than an IRA for those who are able to max out contributions and pay for medical expenses with other funds.
April 8ECFC -
Some companies are misrepresenting when food and wellness expenses can be paid for by FSAs, HSAs and other health spending plans.
March 8 -
As tax-friendly as the rules are for HSA funds during an individual's lifetime, they can become much more punitive for funds left over after the original account owner dies.
January 18 -
More working Americans have a health savings account, but many are not using them to their fullest potential.
December 7 -
Financial planners and advisors must ensure that their clients have the necessary funds to meet whatever health challenges advancing age may bring.
November 22Shann M. Chaudhry, Attorney at Law, PLLC -
Thanks to the Affordable Care Act, single, non-dependent children are able to fund their own HSAs with the full family maximum contribution limit.
November 21 -
From COBRA premiums to long-term care, there are surprising uses for funds in these tax-advantaged accounts.
December 4 -
Some cash-strapped clients with high medical costs could really benefit from making this move.
October 16 -
The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.
May 20 -
The majority of U.S. workers do not have enough savings to help them in the event of a medical emergency and often turn to their retirement funds for help.
May 4