by Wiley Long | Jul 29, 2020 | Health Savings Account
You’re probably getting your HSA tax forms right about now. So, do you remember what to do with them? Here’s a refresher just to be sure. 1099-SA – Distribution Report Your HSA custodian is required to send you and the IRS Form 1099-SA for the years you withdraw...
by Wiley Long | Jul 29, 2020 | Alternative Therapy, Health Savings Account
Take a close look at what your health insurance covers and you’re likely to notice few of what some may call alternative therapies are listed. Most plans have zero or very limited coverage for treatments such as acupuncture, chiropractic, nutritional counseling, or...
by Wiley Long | Jul 21, 2020 | Health Insurance, Healthshare
Healthcare sharing ministries are nonprofit organizations that facilitate the sharing of qualifying medical expenses among members. As long as a healthcare sharing ministry has been established and operating since December 31, 1999, and are a classified as a nonprofit...
by Wiley Long | Jul 21, 2020 | Health Savings Account, long-term medical care, Qualified Expense
As I gather together all of my records for 2020 preparing for tax time, one document that continues to peek my interest is my list of health savings account (HSA)-qualified expenses. Why is this document so valuable? Because it shows a precise record of where my HSA...
by Wiley Long | Jul 21, 2020 | Health Savings Account, Healthshare
Since Health Savings Account (HSA) funds are easily accessed with checks, debit cards, or even credit cards, one of the most common mistakes HSA owners make is to spend their HSA money for something other than qualified health care. Health Savings Accounts work best...
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