Some Health-Insurance Premiums For HSA Products Are Declining.Reports on the efforts being done by some U.S. insurance companies in May 2005 to lower premiums on health insurance that are tied to health savings accounts.EBSCO_bspWall Street Journal Eastern Edition...
Insurance premiums don’t count as a qualified medical expense with some exceptions: premiums for Medicare or other healthcare coverage for people 65 or older; for healthcare continuation coverage (COBRA) while receiving unemployment compensation; or for long-term care insurance, subject to ...
*The IRS lets employees use HSA distributions to pay eligible long-term care insurance premiums or qualified long-term care services that are otherwise excluded from cafeteria plans. Donotinclude these benefits in a cafeteria plan: Archer medical savings accounts ...
The 401(k)s or 529 college savings accounts are not liquid assets. They are long-term assets designed for your financial future. Unless you are 59.5 or older, withdrawing money from your 401k or IRA plans will result in 10% penalties and potential tax liabilities while losing some compounding...
Under the use-or-lose provision, participating employees have to incur eligible expenses by the end of the plan year or forfeit unspent amounts. Under a special rule, employers may offer participating employees more time through either acarryover optionor a grace period.7 ...
What makes it a “Best Place to Work”: Benefits include employer paid medical, dental, basic life and long-term care and annual profit-sharing with the ability to purchase medical/dental coverage for dependents and vision coverage. Both FSA and Dependent Day Care are...
Money in an HSA can be used to pay for over the counter medication such as aspirin or allergy pills, eye glasses, contacts and solutions, medical mileage and long- term care insurance premiums, said Eric Rothenberg, a tax attorney in Needham, Mass. In 2015, contribution limits are $3,350...