| Compliance Corner |
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| How Much Can You Contribute If Your Covered Spouse Is Also Enrolled on Medicare? Limits on HSA contributions are always based on the size of the contract, not how many family members covered on the plan are HSA-eligible. For example, if you cover at least one family member besides yourself, you can contribute up to the statutory maximum annual contribution for a family contract, or $8,550 in 2025 (up from $8,300 in 2024). Read More |
| Best Practices |
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| How to Navigate Rising Health Costs and Enhance Employee Value Healthcare costs are rising at an unprecedented rate, driven by various factors that include medical inflation, regulatory changes and an aging population. One effective strategy is the introduction of HDHPs coupled with HSAs. This combination empowers employees to manage their health expenses better and helps employers control their upfront healthcare spending. Read More |
| Can Levers Available to Retirement Plans Sponsors Help Build HSA Balances? What steps can employers take to help employees maximize their HSA balances so that they have funds available to pay their providers? Here are some levers that employers can pull to increase contributions. In the next article, we’ll focus on encouraging investments to increase account balances after the funds are deposited. Read More |
| HSAs & Retirement |
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| How HSAs Change After You Enroll in Medicare HSAs provide a unique opportunity for individuals to save for medical expenses with significant tax advantages. However, once you enroll in Medicare, the rules surrounding HSA contributions change. It is critical to understand these changes to avoid potential tax penalties and to continue benefiting from your HSA. Read More |
| Integrating Caregiving and Medicare in Retirement Planning As the landscape of caregiving, Medicare and retirement planning evolves, clients are adjusting their investment strategies and retirement savings in anticipation of potentially supporting themselves or their parents’ pre- and post-retirement medical expenses. The need for potential adjustments is heightened by the increasing reality of longer lifespans. Read More |
| What You Will Pay for Medicare in 2025 Medicare premiums and deductibles will increase in 2025 from 2024 levels. To get the most from your plan, it’s important to understand your out-of-pocket costs, which will vary depending on your plan and income. Here’s a rundown of what costs are now, in 2025, so you can be better prepared for Medicare open enrollment this year. Read More |
| Maximizing Your HSA |
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| What’s the Best Way to Use My HSA Now That I’m Retired? The money in your HSA doesn’t have to be spent right away. You can invest and allow it to grow over time. If you’ve done that consistently since 2003, you’d have tens of thousands in your account now, depending on how your investments performed. But that leaves you with a big question: how should you spend all that money as a retiree? Here’s what you need to know to figure that out. Read More |
| Understanding the Benefits of Health Savings Accounts As the 2025 open enrollment period kicks off, many consumers may be considering opening an HSA alongside their insurance plans. HSAs are specialized accounts that allow you to set aside tax-free money to cover qualified healthcare expenses. Kerry Hannon breaks down what these accounts are, how they work, and their benefits. Read More |
| Consumer-Driven Health Care |
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| 5 Simple Ways to Save Money on Healthcare—From Affordable Insurance to Prescription Hacks It’s less than ideal when doctor visits and prescription bills start racking up. With so many different aspects encircling healthcare, ensuring you’re in tip-top shape can be expensive. To help lower your healthcare expenses, we turned to the experts. Keep reading for easy ways to save money on healthcare. Read More |