Self-employed individuals, such as small-business owners and independent contractors, are always looking for ways to reduce their tax bill and better manage healthcare costs. One often overlooked ...
A Dependent Care Flexible Spending Account (DCFSA) is an employer-owned and funded account to which an employee may contribute pre-tax funds that may be used tax-free for eligible dependent care ...
Both a HSA and a 401(k) are for tax-advantaged savings—the former for health expenses only, and the latter for retirement.
Co-founder and CEO of Bend Financial, providing next-generation HSA and financial wellness solutions to individuals, employers and partners. Health savings accounts and flexible spending accounts are ...
The Internal Revenue Service (IRS) defines four criteria to be an "eligible individual" for making contributions to a Health Savings Account (HSA): The individual is covered by a qualified high ...
A health savings account (HSA) is a tax-exempt account that helps you save and pay for qualified healthcare expenses. To open and contribute to an HSA, you must be actively enrolled in a qualifying ...
Health plan deductibles keep getting higher — the proportion of workers with a deductible that topped $1,000 for single coverage nearly tripled in the past five years, to 34 percent. Since ...
You always have the option to choose when and when not to use your Health Savings Account (HSA) dollars. You may pay for qualified medical expenses with after-tax dollars, allowing your HSA balance to ...
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