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. Key Benefits of HSAs Tax Advantages: One of the main attractions of HSAs is their triple tax advantage.

article thumbnail

Celebrate 19 Years of Health Savings Accounts

Benefit Resource Inc.

It’s the 19th birthday of Health Savings Accounts (HSAs), and they have been a game-changer in healthcare. They are one of the most powerful tools available to employers, employees, and their families when saving on healthcare costs. Tax Benefits Of An HSA For Employers. December 8th is a special day!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What happens to HSA funds at the end of the year?

Benefit Resource Inc.

For many pre-tax benefit account holders, December marks the final month of benefit coverage in the current plan year. Participants in FSAs, HRAs and even HSAs begin to evaluate their account balances. Annual contribution limits for pre-tax accounts are determined by the IRS. Freedom to change. You are in control.

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. 3 Ways Retirees Save Taxes with an HSA. As Seen In.

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