Showing 16 results of 16
May 13 2024
IRS today announces small inflation-adjusted bump for owners of triple-tax-advantaged Health…...
401kspecialistmag.com
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
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
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
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
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
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
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
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
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
Oct 01 2023
Among the changes include increases to HSA contribution limits and eligibility expansions...
401kspecialistmag.com
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
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
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
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
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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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.