As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 19 years. With the January 15 release of the December inflation figures by the Bureau of […]
As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 18 years. With the April 10 release of the March inflation figures by the Bureau of […]
As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 18 years. With the January 11 release of the December inflation figures by the Bureau of […]
As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 17 years. With the April 12 release of the March inflation figures by the Bureau of […]
by Roy Ramthun, “Mr. HSA” One of the better things about a Health Savings Account (HSA) is you don’t have to figure out how much to contribute before the beginning of the calendar year, and you can change your mind during the year. You can even wait until the year is over to figure out […]
by Roy Ramthun, “Mr. HSA” Health Savings Accounts (HSAs) are a valuable tool for saving money on health care costs, but they can also be an effective way to save for retirement. HSAs offer several tax advantages that make them a unique complement to traditional retirement planning. Here are some key benefits of using an […]
A Health Savings Account (HSA) is a tax-advantaged account that is used to save money for qualified medical expenses, such as doctor visits, prescription drugs, and hospital stays. Similar to the case with Individual Retirement Accounts (IRAs), older individuals who are HSA-eligible are permitted to make additional “catch-up” contributions of $1,000 annually starting with the […]
As many of you know, I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next. I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 17 years. With the January 12, 2023 release of the December inflation figures by the Bureau […]
Much has been said in the news media about the insulin-related provisions in the Senate-passed version of the “Inflation Reduction Act,” the slimmed down version of the “Build Back Better Act” (H.R. 5376) passed by the House of Representatives last Fall. Most of the attention has been focused on the procedural move that Republican Senators […]
Government statistics for inflation have confirmed what consumers already know – the cost of everything is going up, by a lot! Americans have felt the pinch at the gas pump, the grocery store, and other aspects of our daily lives. Fortunately, Health Savings Accounts offer some relief from higher inflation, and recent changes announced by […]