Blog.healthequity.com

What benefits professionals need to know about HSA tax filing

WebThis year, that deadline is April 15, 2024. This is important information to share with your employees because HSA contributions are tax deductible. Making HSA …

Actived: 6 days ago

URL: https://blog.healthequity.com/what-benefits-pros-need-to-know-hsa-tax-filing

Debunking 10 common HSA myths

WebMyth #10: HSA contributions don't grow. HSAs earn interest just like a traditional savings account-the only difference is that the interest earned on your HSA …

Category: Health Go Health

HSA. FSA. HRA. HIA. What do all these even mean

WebHSA = health savings account. FSA = flexible spending account. HRA = health reimbursement arrangement. HIA = health incentive account. Knowing what the …

Category: Health Go Health

Qualified medical expenses

WebQualified medical expenses are designated by the IRS. They include certain medical, dental, vision and prescription expenses you can pay for with your HSA (or other healthcare …

Category: Medical Go Health

IRS gives a big boost to many benefit contribution limits for 2024

WebAs a reminder, Healthcare FSAs that permit the carryover of unused amounts, the maximum carryover amount is increased to an amount equal to 20 percent …

Category: Health Go Health

3 reasons to invest your HSA dollars

WebFor peace of mind, you can invest your HSA funds and potentially help you stay ahead to offset any rising healthcare costs. 2. Boost your retirement income. While …

Category: Health Go Health

HSA Week: Benefits understanding is a game-changer for …

WebThe goal of HSA Week is to boost HSA literacy, help people discover the value of an HSA health plan, and ultimately, help elevate benefits satisfaction among employees. As we …

Category: Health Go Health

Navigating IRS guidance on eligible medical expenses and wellness

WebQualified medical expenses, designated by the IRS, include certain medical, dental, vision and prescription expenses you can pay for with your HSA (or other healthcare savings …

Category: Medical Go Health

2024 benefits trends we can’t stop talking about

Web2024 is set to be an exciting year in the health benefits world. Here’s a first look at some of the topics we all have to look forward to. In a recent webinar, we involved …

Category: Health Go Health

Setting up your HSA

WebAn HSA is a triple tax-advantaged account that allows you to set aside funds for qualified medical expenses. 1 Any contributions to your HSA are tax-deductible. …

Category: Medical Go Health

2024 Open enrollment resources from HealthEquity

WebNow you know you’re supported with significant open enrollment resources to help your employees better understand and select benefits packages that best suit their …

Category: Health Go Health

Being savvy with HSAs and consumer driven healthcare (CDH)

WebHSAs are a way for people to save money tax-free 1 to pay for qualified medical expenses. An HSA can encourage your employees to be wise about spending …

Category: Medical Go Health

Case Study: How Pfizer designed a unique HSA that

WebThe Pfizer benefits team soon settled on a unique HSA plan design that would satisfy their standards. The Pfizer HSA is a post-deductible, co-pay solution with …

Category: Health Go Health

What you need to know about the upcoming COVID-19

WebIn this declaration, President Trump declared the COVID-19 pandemic to be a “National Emergency” period effective March 1, 2020, for a period of up to one year. Most recently …

Category: Health Go Health

Open enrollment: 3 popular resources to help you engage

WebHere's three of our most popular topics to help guide your plans. Keep reading to learn more about healthcare price shopping, an HSA hack and how to …

Category: Health Go Health

Can I use my HSA or FSA to pay for dental services

WebHSA and FSA coverage for dental services. Because HSAs and FSAs are both tax-exempt accounts used to offset the cost of healthcare, every penny you put into …

Category: Health Go Health

Remarkable leadership: 10 questions with Eli Rosner, CTO

WebEli Rosner: No, I’ve lived in the Atlanta area with my family for 11 years. I’m originally from Israel—born, raised, served, and educated. But, for over three decades …

Category: Health Go Health

Brush up on nondiscrimination testing and Form 5500 filing …

WebExample of the 5% owner test: In this case, let’s assume a $5,000 election to the dependent care portion of the plan by a more-than-5% owner and elections in the …

Category: Health Go Health