How Does Medicare Enrollment Affect My HSA Eligibility?

Medicare and HSA eligibility

Health Savings Accounts (HSAs) offer healthcare consumers who are enrolled in a high-deductible health plan (HDHP) a tax-advantaged tool for setting aside money to pay for qualified medical expenses. In addition to the tax benefits, what makes an HSA especially valuable is the ability to grow the account funds through investing. Then, upon reaching age … Read more

What is an LPFSA?

What is an LPFSA?

You’re familiar with healthcare Flexible Spending Accounts (FSAs), with which you can set aside money from your paycheck pre-tax (before payroll taxes are calculated) to use in paying eligible medical expenses. You may not be as familiar, though, with the Limited-Purpose FSA (LPFSA). What is an LPFSA? An LPFSA is an option made available by … Read more

Healthcare Consumerism: What is it and How Does it Affect Healthcare?

Healthcare consumerism, a movement designed to refine the efficiency and affordability of healthcare services, is working to change how people prioritize their personal healthcare. Imagine a system where savvy patients use their knowledge to take a more active role in purchasing and utilizing healthcare services. Healthcare consumerism is getting closer to making this a reality. … Read more

Can Employees Have HRAs and HSAs at the Same Time?

Healthcare spending accounts, such as Health Reimbursement Arrangements (HRAs) and Health Savings Accounts (HSAs), help individuals and families pay for medical expenses. They also provide more control over how and where to pay for those expenses. Some employees have the opportunity to have both an HRA and an HSA, either through their own employer or … Read more