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An Introduction to IRMAA

Money Talk

Many are middle income taxpayers who diligently saved and invested for 4-5 decades in tax-advantaged plans. As I wrote in my book Flipping a Switch , some older adults must “plan for higher taxes in the future, especially when required minimum distributions (RMDs) kick in.” IRMAA surcharges. to $573.30 for Medicare Part B and $12.40

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Celebrating 20 Years of Health Savings Accounts

Benefit Resource Inc.

Introduced in 2003 as part of the Medicare Prescription Drug, Improvement, and Modernization Act , HSAs have evolved to become a crucial component of healthcare and financial planning strategies. Key Benefits of HSAs Tax Advantages: One of the main attractions of HSAs is their triple tax advantage.

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Employers: Help Your Employees Avoid HSA Challenges

Corporate Synergies

1 That number is projected to keep growing as more employers offer high-deductible health plans (HDHPs) with HSAs. The federal government created HSAs in 2003 to provide individuals covered by high-deductible plans the opportunity to save tax-free money for healthcare expenses. 3 Ways Retirees Save Taxes with an HSA.

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5 Great Reasons to Celebrate HSA Awareness Day This Year

Benefit Resource Inc.

HSAs were first legislated into existence in 2003. A Health Savings Account is one of the most versatile pre-tax benefit accounts available and is a great fit for a wide range of people. HSA Awareness Day is October 15th, and we are so excited to share our love of Health Savings Accounts with…well, everyone! They’re Simple.

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5 Signs Your Company Is Paying Too Much for Health Care

Insperity

In 2003, 25 to 27 percent of premiums and 33 to 37 percent of claims are the insurer’s administrative fees, according to the Small Business Association’s Study of the Administrative Costs and Actuarial Values of Small Health Plans. Extremely low deductibles and copays. A flood of administrative fees. Paying multiple insurers.