HSAs

They have oft-cited tax advantages, but the available research raises alarms about fees, interest rates and investing in assets other than cash.

The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.

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.

Some companies are misrepresenting when food and wellness expenses can be paid for by FSAs, HSAs and other health spending plans.

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.

More working Americans have a health savings account, but many are not using them to their fullest potential.

Financial planners and advisors must ensure that their clients have the necessary funds to meet whatever health challenges advancing age may bring.

Thanks to the Affordable Care Act, single, non-dependent children are able to fund their own HSAs with the full family maximum contribution limit.

From COBRA premiums to long-term care, there are surprising uses for funds in these tax-advantaged accounts.

Some cash-strapped clients with high medical costs could really benefit from making this move.

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.

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.

For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.

From Roth conversions to QHFDs: The coronavirus pandemic is forcing difficult questions, and clients rightfully are looking for answers that advisors are uniquely suited to provide.

Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.

Some tax credits are refundable, meaning they can get a refund in case the credits exceed their actual tax liability.

Aside from income taxes, retirees will also pay consumer taxes and may face a 3.8% Medicare surtax.

“The advice I give is to calculate the financial impact for each option,” an expert says.

The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.

Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.