article thumbnail

Celebrating 20 Years of Health Savings Accounts

Benefit Resource Inc.

As we celebrate the 20th anniversary of Health Savings Accounts (HSAs), it’s time to reflect on the transformative impact this financial tool has had on healthcare and personal finance. Contributions are tax-deductible, earnings grow tax-free, and withdrawals for qualified medical expenses are also tax-free.

article thumbnail

Employers: Help Your Employees Avoid HSA Challenges

Corporate Synergies

Health savings accounts are designed for the long term, but most employees use funds for current healthcare expenses. Health savings accounts (HSAs) continue to increase in popularity, but not without issues for both employees and employers. This gives employees time to build up their HSA savings.

article thumbnail

5 Great Reasons to Celebrate HSA Awareness Day This Year

Benefit Resource Inc.

HSA Awareness Day is October 15th, and we are so excited to share our love of Health Savings Accounts with…well, everyone! HSAs were first legislated into existence in 2003. ” – Health Savings Accounts. Truly, Health Savings Accounts tend to be incredibly low-maintenance.

401(k) 75