Category: Uncategorized

“Mr. HSA” Projects Biggest Changes in HSA Amounts Since Program Began

You may already know that 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 16 years. With the January 12 release of the December inflation figures by the Bureau of […]

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Should You Close Your Health Savings Account If You Have Little or No Balance?

The quick answer is “no.”  If you do, you may miss out an opportunity to pay future expenses tax-free. I frequently get questions from Health Savings Account owners about closing their account because they’ve drawn down the balance to zero or something close to it.  Sometimes they are being nudged by their HSA provider to […]

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