| Compliance Corner |
|---|
| Do HSA Funds Expire at the End of the Year? Here’s What You Can, Can’t Buy With Your HSA You might not know the difference between an FSA and an HSA, or what you can spend that money on. Here’s a simple breakdown of the difference between an HSA and an FSA and what you can and can’t spend that money on. You also might want to consider shopping online or looking at your store’s website before you go shopping. Read More |
| Answering Common Questions About HSAs and Medicare Enrollment As people approach Medicare enrollment, many receive conflicting answers from their HSA providers, Medicare and Social Security representatives, and even their own tax professionals. This article provides clarity on three of the most common questions that readers have been asking in response to our prior article from 2021. Read More |
| Market Trends |
|---|
| Some Companies Offer Health Benefits for Employees Managing Menopause A growing number of companies have begun to offer employees access to menopause-related benefits in their health insurance, including paid time off, access to health providers knowledgeable about menopause, coverage of medication for menopause symptoms, and even altered work schedules and relaxed dress code options. Read More |
| HSAs & Retirement |
|---|
| 3 Things Too Many Retirees Don’t Know About Medicare Medicare is a complex program consisting of different parts, and a lot of retirees end up unclear about its rules. If you’re approaching retirement, it’s important that you understand Medicare’s ins and outs. Here are a few key pieces of information you need to have. For example, once you enroll in Medicare, you can no longer make contributions to an HSA. Read More |
| 5 Biggest Financial Regrets and Lessons from Baby Boomers Health care costs have hit many baby boomers hard, especially as they’ve gotten older. Many learned (sometimes too late) that skipping routine care and insurance and not planning for long-term care can be costly mistakes. While Medicare covers many of your health care costs in retirement, it doesn’t cover everything. It isn’t free either. Here are a few things you can do to prepare for medical costs in retirement. Read More |
| Maximizing Your HSA |
|---|
| Expert Says: If You Don’t Have a Health Savings Account, You’re Bleeding Money Open enrollment is underway for 2025 and now is the perfect time to choose a health insurance plan that’s compatible with an HSA — a smart financial move. HSAs are versatile, tax-advantaged savings and investment accounts that help you accomplish three big money goals at once. Here are the biggest reasons to get an HSA for 2025. Read More |
| 9 Ways to Maximize the Money in Your HSA, According to Personal Finance YouTuber Tae Kim In a YouTube video, personal finance expert Tae Kim likened an HSA to the ultimate retirement account. You can use your contributions toward this account to pay for qualified medical expenses now and into retirement. Kim offered nine ways to maximize your HSA contributions. Even if you don’t have an HSA now, Kim may persuade you to consider one if you’re eligible. Read More |
| Consumer-Driven Health Care |
|---|
| Health Care Costs Rise Again: How to Budget for 2025 Increases Health care costs and the price of insurance are going up again in 2025. It’s the fourth straight year premiums for private health care plans have risen, so sticking to a budget is key. Monitor your and your family’s health care costs and rigorously evaluate your coverage options each annual enrollment season. Read More |
| HDHP vs. PPO: Choose the Health Plan That’s Right for You Nearly two-thirds of large employers provide their employees with the choice of a high-deductible health plan and a traditional health plan, such as a preferred provider organization (PPO), during open enrollment. Does your employer offer options? If so, here’s how to decide what to choose. Read More |