Brokers and advisers tell me they keep hearing the same question from their employer clients: “How can I get more employees to understand the benefits of health savings accounts (HSAs)?” Read more
Most of us know that an individual enrolled in Medicare Part A or B isn’t eligible to contribute to a health savings account. This can create a problem for employees who work beyond their 65th birthday, which seems to be the norm these days…Read more
A recent study finds low–income and medically vulnerable high–deductible plan enrollees are just as likely to cut back on needed health care as other HDP enrollees…Read more
A report from the J.P. Morgan Treasury Service shows how HSAs have become a vital part of helping Americans save and pay for medical expenses…Read more
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Last month, Congressmen John Larson, D.Conn.,and Charles Boustany, R–La., introduced the Medical Flexible Spending Account Improvement Act (H.R. 1004), a bill that would end the unpopular flexible spending account (FSA) “use it or lose it” provision and instead allow FSA participants to withdraw and pay taxes on any remaining funds in their accounts at the end of the plan year…Read more
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