The deadline to contribute to individual retirement accounts and health savings accounts is May 17, the same day that individual federal income tax returns are due, the IRS said Monday.
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See the matrix of contribution limits.
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Healthcare can be expensive in retirement but also in the decades before — a Health Savings Account could minimize the blow when the medical bills arrive.
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Question: What is the difference between an HSA and a flex-spending account (FSA), and which is better?
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When it comes to saving for retirement, it’s hard to beat a 401(k) plan. The high contribution limits and employer match can really boost your savings. And if you have a retirement savings goal—like $1 million—that 401(k) can get you there much faster.
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You know a health savings account (HSA) helps pay for out-of-pocket medical costs, but it may surprise you to learn that this tax-advantaged account could be a superior retirement savings vehicle, too.
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Health savings accounts (HSAs) help you set aside money to pay for qualified medical expenses, but did you know they can also be a great tool for retirement planning?
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Rarely has health care been more top of mind than now, as Covid-19 ravages the U.S. and hospital costs shoot up. A health savings account (HSA) could help pay for those costs, and knowing what the best HSA accounts are for your particular situation could help you get the most benefit possible.
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Saving for retirement in multiple accounts is a smart move -- but set your priorities accordingly.
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You can roll over funds from an Individual Retirement Arrangement to a Health Savings Account. The rollover delivers some important benefits, but be sure to weigh the hidden costs before you decide to proceed.
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I have accurately predicted the annual adjustments by the Internal Revenue Service for the past 15 years.
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There’s no doubt that 2020 was a challenging year. As with other industries, we dealt with ensuring the continued health and safety of our employees and providing the ongoing service and support our customers have come to expect and appreciate during the COVID-19 pandemic.
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Considering the need for effective health care in 2020 due to COVID-19, health savings accounts took on new value.
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With the right employer support, HSAs can be an attractive option for all employees and can improve access to cost-effective health care.
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I thought my health savings account was for medical costs only, and ended up missing a big opportunity to save more for retirement.
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Twice a year, Devenir releases findings from our semi-annual health savings account (HSA) research report.
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HSA-qualified medical plans can be designed as HMOs, POS plans, or PPOs. Which is best? It depends on several factors, including state regulations and market norms.
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In simplest terms, “decoupling” means removing the requirement to have an HDHP as a prerequisite for having an HSA.
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The amount that most seniors spend on medical care is equivalent to a big chunk of the average Social Security check.
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Health savings accounts are an often misunderstood and overlooked opportunity for American workers. Here’s why they are worth a close look during this year’s open enrollment period.
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