Tag: health savings accounts

Weekly HSA News – March 13, 2023

News from Washington Thune-Carper Bill Would Expand Access to High-Value Services in HSA-Eligible, High-Deductible Health PlansSens. John Thune (R-SD) and Tom Carper (D-DE) reintroduced the Chronic Disease Management Act, bipartisan legislation that would ensure that HSA-qualified plans can cover care related to management of chronic disease prior to a beneficiary reaching their plan deductible. The […]

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Health Savings Accounts: The “Secret Sauce” for Retirement Planning

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 […]

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Why Older Married Couples Should Open Two HSAs (When They Can)

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 […]

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