the minimum deductibles are $1,350 for singles and $2,700 for families. Even though the health insurance premiums are lower, many participants do not want to be responsible for high out-of-pocket health care expenses. The health insurance market has shielded us ...
Don’t forget that saving in a HSA offers better tax preferences than a 401(k) or 403(b), and that the HSAs assets are not limited to medical expenses – they can do quadruple duty: (1) Current and future year out of pocket expenses, (including long term care insurance premium or ...
Health savings accounts are very attractive because money can be saved entirely tax-free if used to pay for qualified healthcare expenses. Certain long-term care costs and long-term care insurance premiums are among such qualified expenses. However, there are some rules to keep in mind,so educa...