Does Your Health Insurance Plan Work with Health Savings Accounts?
Does Your Health Insurance Plan Work with Health Savings Accounts?Hint: It probably should A lot of people don’t realize it, but the line between health care and retirement strategy has disappeared. Considering the average health expenses incurred during retirement...
Making Sense Of Your HSA Tax Forms
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...
Health Savings Accounts Are Built for Alternative Therapies
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...
Are Health Sharing Payments Tax Deductible?
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...
What Is an HSA 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...
How To Fix The Most Common HSA Mistake
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...
Concierge Medicine and your HSA
Concierge medicine is becoming more popular nowadays with more people than ever choosing this type of provider over more traditional physicians. If you have a health savings account (HSA) plan, having Concierge medicine knowledge can help you cut down your healthcare...
Estimating Income for Obamacare Subsidies—And What Happens If You Get It Wrong
When applying for tax credits to help you pay for your health insurance, you must estimate your income for the coming year. If you estimate under 400 percent of the federal poverty level, and the government approves your estimate, you will be granted immediate tax...
Best Healthshare Plans – HSA for America’s Healthshare Plan Comparison Guide
If you’re looking for the best health share plans available, HSA for America has put together a guide to help you choose. Perhaps more than ever, people across the country are struggling to afford the cost of health insurance. Many are forced to without coverage...
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