Your Source for Understanding Personal, Business, Life, Health, Group Benefits, and Medicare Insurance.

Health Savings Accounts (HSA)

mother and father looking at their baby

Here’s How to Use HSA Funds for Family Members

Can you use your health savings account (HSA) to pay for the expenses of family members and dependents? For specific family members, the answer is definitely yes. Here is a look at how the IRS allows you to use your HSA to pay for the healthcare costs of your loved

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Using an HSA card at the doctor

What All Can You Use An HSA For?

Health savings accounts (HSAs) have become extremely popular in the past decade. According to key findings of a Devenir Research study, HSA accounts exceeded 25 million in a recent year, holding $53.8 billion in assets. HSAs are popular with employees enrolled in Qualified High Deductible Health Plans (HDHPs) because they

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HSA money

How Do Health Savings Accounts Work?

You may have heard of a Health Savings Account (HSA) and are wondering how they really work. Let’s make it simple. Thankfully, we have pulled together the basics for you. For Individuals and Families A health savings account is a specific type of savings account offered by banks, credit unions,

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What Are HRAs and HSAs

Should Your Business Offer an HRA or HSA?

HRAs and HSAs are two very popular, tax-advantaged healthcare savings plans. These plans differ in several ways, including who is eligible to participate, where contributions come from, and what kind of health plans can be combined with them. Before deciding which one is better for your company, it is important

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HSA savings

Will My HSA Expire If I Stop Contributing To It?

A health savings account (HSA) is designed to stay with you for life, but you could lose it if you don’t use it. The following is information you may not know about your HSA, including how to keep it if you have stopped using it. What Is An HSA? HSAs

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