BerniePortal

DECEMBER 16, 2021

But how exactly do you qualify for an HSA? Can you qualify for both simultaneously? What if your spouse is already enrolled in an employer-sponsored FSA? Would that affect your overall HSA eligibility as well? Would that affect your overall HSA eligibility as well?

Medical 98

Medical Taxes Employment Healthcare 98

Money Talk

MAY 18, 2022

Now that 2021 income tax season has been over for a month and the dust has settled, it is time to start some serious tax planning for 2022. In an earlier blog post , I described 12 tax planning topics for 2022. Saving even 1% more of pay can make a difference in later life. 401(k), 403(b), and traditional IRA). . ¨

Taxes 262

Taxes 401(k) Deductions Deductible 262

WEX Inc.

AUGUST 2, 2023

A flexible spending account (FSA) allows participants to save money by setting aside pre-tax dollars to pay for eligible medical, dental , vision and dependent care expenses incurred by you, your spouse, or your eligible dependents. Or check out this episode of Benefits Buzz to learn eight things you should know about medical FSAs.

Flexible Spending Account 98

Flexible Spending Account Deductions Deductible Health 98

Benefit Resource Inc.

AUGUST 25, 2023

In fact, just more than 1 in 3 people understand when an election change can occur for a health savings account. This is understandable given that flexible spending accounts have been available longer and are likely shaping people’s opinions regarding HSAs. You will need to actively make an FSA election each plan year.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Medical 52

Stratus.HR

NOVEMBER 30, 2020

If you’re planning your tax-sheltered income for 2021, the IRS did not increase the $2,750 limit you can contribute to a health Flexible Spending Account (FSA). However, health savings account (HSA) participants will be able to contribute a little more in 2021. What is the 2021 health FSA contribution limit?

Health Savings Account 52

Health Savings Account Flexible Spending Account Flexible Spending Taxes 52

Stratus.HR

DECEMBER 13, 2021

‘Tis the season to make and finalize FSA contributions for the 2022 plan year. If you’d like to tax-shelter a portion of your income for 2022, please see the increased contribution amounts below for both Flexible Spending Account (FSA) and Health Savings Account (HSA) participants. What is Health FSA?

Health Savings Account 69

Health Savings Account Flexible Spending Account Flexible Spending Taxes 69

Benefit Resource Inc.

NOVEMBER 17, 2020

Trying to decide between an FSA or HSA? Depending on your situation, you may also need to include considerations regarding how your spouse’s benefits may effect your options. Should I choose an FSA or HSA? Which pre-tax account you can enroll in depends on what kind of health insurance you have.

Out of Pocket Cost 45

Out of Pocket Cost Deductions Deductible Taxes 45