Hsa
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HSA contributions close to retirement
Nov 16 2024
I turn 65 in December, my spouse turns 65 in February. We are currently on my large employer HSA medical coverage. My Company adds $500 each quarter. For various personal reasons I am not sure when I ...
reddit.com
Is there a reason not to sign up for Part A (no HSA)
Oct 15 2024
I just turned 65, single, and still working for a company with many more than 20 employees, and plan to work for a few more years. I have group insurance through work (BCBS) and I don't have an HSA. I...
reddit.com
HSA in retirement, how do you use it?
Oct 13 2024
I haven't been able to contribute to an HSA for a long time, health plan is too good these days. But for a good while I maxed it every year. Its invested and steadily gaining over the years. For those...
reddit.com
Morningstar HSA Report: Lower Fees, Better Investments, But Lots of Room for Improvement
Oct 02 2024
Fidelity is only provider to earn “High” ratings in both categories of new health savings…...
401kspecialistmag.com
Contributing to Your Non-Dependent Adult Child’s HSA
Aug 12 2024
Answering listener questions about Ascensus acquiring Vanguards's individual 401(k) business, about DAFs and if appreciated securities are a reasonable alternative, and about contributing to your non-...
whitecoatinvestor.com
401(k), HSA Account Balances Grow in Q2: Bank of America
Aug 09 2024
The average 401(k) contribution rate held steady at 6.5%...
401kspecialistmag.com
HSA Health Savings Accounts Strategies for 2024
Jun 05 2024
Identifying the common health savings account mistakes, identifying key strategies to maximize your HSA and exploring some of the practical ways to utilize your HSA over your lifetime. If you’re...
keilfp.com
Checking the Pulse of the HSA Market with Devenir’s Eric Remjeske
Jun 05 2024
Health Savings Accounts (HSA) can be a very effective tool not only to pay for out-of-pocket…...
401kspecialistmag.com
Paying for Medical Needs with an HSA: Distinct Considerations for Women
May 24 2024
Medical costs can seem particularly daunting for women, given the long list of needs that…...
401kspecialistmag.com
Penalty for contributing to HSA before Medicare
May 21 2024
I am 65 and still working. Still under the company health insurance and using the high deductible plan. I max out my HSA contribution and the company adds $167 per month to my HSA, as an incentive to ...
reddit.com
HSA Contribution Limits Increased Slightly for 2025
May 13 2024
IRS today announces small inflation-adjusted bump for owners of triple-tax-advantaged Health…...
401kspecialistmag.com
HSA: The Ultimate Retirement Account
Apr 26 2024
Think you know everything about retirement accounts? TheMadFientist reveals why the ultimate retirement account isn’t one you’d expect. In this ... Read more...
physicianonfire.com
Is there any value to having an HSA account while retired?
Mar 18 2024
I’m 67, and I have an active HSA account from my former employer, though there is zero balance in it because we spent it down last year and of course there are no more employer contributions. No...
reddit.com
Can I use my HSA to pay for COBRA premium?
Mar 10 2024
Can I use my HSA to pay for COBRA premium? I am planning early retirement next year and will need a few years of insurance until Medicare kicks in. Initially may take COBRA until I sign up for Obamaca...
reddit.com
Retire at 61 or try to hang on for another 9 months?
Feb 13 2024
I currently have about 1.7 million in company 401k and will be turning 61 in July. I also have about 35k in HSA and have medical coverage thru VA. If I stay with my current employer(which I've been wi...
reddit.com
Can You Pay Medicare Premiums From Your HSA?
Feb 07 2024
Is there a way to pay medicare premiums with your HSA funds? Is it even worth the hassle to save some money on taxes?...
forbes.com
The New 2024 Health Savings Accounts (HSA) Limits Explained
Dec 07 2023
New higher HSA contribution limits have been announced for 2024. Keep reading as we share to tips to get the most benefit from your Health Savings Account....
forbes.com
What Qualifies As An HSA Eligible Expense?
Dec 05 2023
A health savings account has various tax benefits to help you save money on medical care. Do you know what qualifies as an HSA eligible expense?...
forbes.com
How Much Should I Contribute To My HSA?
Nov 29 2023
A health savings account (HSA) is like a “super IRA,” so contribute as much as you can afford, subject to the IRS limits....
forbes.com
Why the HSA Is My Least Favorite Retirement Account
Nov 06 2023
You may have heard that the Health Savings Account (HSA) is the ultimate retirement account because it’s triple tax-free. Contributions go in tax-free. The balance grows tax-free. Withdrawals ar...
thefinancebuff.com
Ways and Means Advances Legislation Expanding HSA Benefits
Oct 01 2023
Among the changes include increases to HSA contribution limits and eligibility expansions...
401kspecialistmag.com
YSK that you can't contribute to an HSA if you're enrolled in any part of Medicare
Mar 22 2023
I did NOT know this, and have spent the past two days trying to un-do my mistrake. Through this community, I found out about Boomer Benefits, and on their website, I read about the rule. It's illegal ...
reddit.com
One time IRA-to-HSA Rollover Question
Mar 01 2023
What is the advantage of using the One time IRA-to-HSA Rollover vs a withdrawal from your IRA (taxable event) and then contributing the same amount (reducing taxes) into your HSA? The income from the ...
reddit.com
Rate my retirement.
Feb 19 2023
Just a working stiff here. Saving about $40,000/ year in retirement accounts. Self employed so using a SimpleIRA. Another xtra $13000/ year in a taxable Brokerage acct.,and $7500/ HSA Have 1million sa...
reddit.com
HSA Contributions for 1 working/1 retired
Feb 09 2023
My wife and I each have separate HSA accounts. We each also had separate individual health insurance through our employers. My wife retired in 2022. In 2023, she will have no "earned" income. Can she ...
reddit.com
Should You Make an HSA Your Main Retirement Savings Account?
Dec 25 2022
Even though health savings accounts, or HSAs, are meant to help people set money aside for healthcare expenses, you'll often hear that they can double as a retirement savings plan....
fool.com
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About Hsa
A health savings account (HSA) is a personal savings account that can be used to pay for qualified medical expenses. HSAs are available to individuals who are enrolled in a high deductible health plan (HDHP). Contributions to an HSA are tax-deductible, the money in the account grows tax-free, and withdrawals for qualified medical expenses are tax-free.
To be eligible to open an HSA, you must be enrolled in an HDHP and cannot be covered by any other health plan that is not an HDHP, or be eligible for Medicare. You also cannot be claimed as a dependent on someone else's tax return.
HSAs offer a way for individuals to save for future medical expenses and potentially save on taxes. It's important to keep in mind that money in an HSA belongs to the account holder and can be carried over from year to year, even if the account holder changes jobs or health insurance plans.