How much should I contribute to my HSA in 2018?

Posted by Emily Kubis on Mon, Jan 29, 2018 @ 07:01

What individuals should know

Wondering about the best strategy to fund your HSA this year? There isn’t a one-size-fits-all approaches to Health Savings Accounts, but here are a few things to consider.

First—what’s an HSA? Consumers with high deductible health plans are eligible to fund Health Savings Accounts. These savings accounts allow consumers to contribute funds tax-free to be used for qualified medical expenses. You never pay any taxes on funds used for medical expenses, and unused funds roll over every year. After age 65, you can continue to use the funds for medical expenses, or you can withdraw the funds for any use and pay only income taxes.

So how much should you contribute?

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Tags: HSA-eligible plans, HSA-based plan, HSA questions, HSA Advice, HSAs, health savings accounts, HSA Plan

Three tips for a sustainable benefits plan

Posted by Emily Kubis on Thu, Jun 01, 2017 @ 09:06

A strategic plan design can lower costs

Health insurance costs continue to rise for employers and employees alike. Premiums for family coverage have increased 20 percent since 2011 and 58 percent since 2006, according to the Kaiser Family Foundation.

With costs exceeding the rate of inflation, employers are looking for ways to bend the cost curve. Here are three approaches organizations of all sizes should consider.

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Tags: employer digest, employers, solutions for employers, health insurance small employers, HSA, HSA-based plan, HSA-eligible plans, High Deductible Health Plan, Defined Contribution, limit plan liability

Health Savings Account: How much should I contribute?

Posted by Avery Brandes on Thu, Jan 22, 2015 @ 05:01

Reader Q+A

It's my first time to have an HSA-based plan and my deductible is higher than I'm used to having ($3,000). How much should I contribute to my Health Savings Account?

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Tags: HSA, contribution, medical expenses, HSA-based plan

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