Note: This article is about Health Spending Accounts (HSAs) that are administered by League. If you have an HSA through an insurance carrier, it mi...
Health and benefit accounts LSA frequently asked questions If you want to understand more about the Lifestyle Spending Account (LSA), here are some of the most frequently asked questions: What is a LSA? An LSA is a benefit provided by your employer to help support your everyday needs that ...
Another creative approach to using your HSA is as an additional layer of youremergency fund. Say you have $2,000 in your regular savings account, $10,000 in your HSA, and a deductible of $3,000 for your health insurance. You contribute part of every paycheck to your HSA as a tax-she...
There are several qualifications for having a Health Savings Account. One must be an adult and be covered by a High Deductible Health Plan (HDHP) that is HSA-qualified. One must not have any alternative first-dollar medical coverage, although insurance for accident, injury, dental care, vision...
Flexible Spending Accounts, Health Reimbursement Arrangements, and Other Account-Based Plans: What Does Health Care Reform Mean in 2012 and Beyond?The health care reform law, now frequently referred to as the Affordable Care Act (ACA), comprised of the Patient Protection and Affordable Care Act ...
A health savings account, or HSA, is a tax-advantaged savings account for paying medical expenses that is available to consumers with high-deductible health insurance plans. Unlike a flexible spending account, an HSA has no deadline for spending the funds and money can be held for years. It...
If you want to invest part of your HSA, you’ll need to set up an account with a custodian and make sure that money is kept separate from the rest of your portfolio. But once you have a system in place, you can use an HSA to get the most out of your health care spending, with...
Not be covered by Medicare or other health insurance plans. Not have competing accounts, such as a flexible spending account (FSA). HSA account benefits There are many potential benefits to opening an HSA. Typically, the funds in an HSA are yours to keep, and the money doesn’t expire. ...
A health reimbursement account or arrangement (HRA) is true to its name: Your employer funds the account so you can reimburse yourself for certain medical, dental or vision expenses. As an account-based health plan, an HRA can help you stretch the value of your health care dollar...
A flexible spending account (FSA) is a type of employer-sponsored savings account, usually for health-care expenses, that sets aside pretax funds for later use.