Powell: There's something to do with a testing period.

HSAs are investment accounts. In many ways, HSAs are similar to 401(k)s. If you set up an HSA at work, your money is deducted ...

So it’s important to know the rules. It's important to know what HSA quailed expenses are. One of the main benefits of an HSA is its tax-free withdrawals for qualified healthcare expenses.

However, HSAs come with specific rules and requirements that must be followed in order to maintain the tax advantages. A ...

Let's explore how to create a medical nest egg with a look at HSA contribution limits, tax benefits and the expenses that qualify for tax-free HSA funds. An HSA is a tax-advantaged investment ...

Because an HSA provides tax savings both when making contributions and when making withdrawals, it is a valuable account to help save for medical care or for retirement. However, there are rules ...

While the increases are modest compared to the record-high HSA limit increase for 2024, they still offer significant tax benefits. Here’s what you need to know now to plan for the coming year.

And if your tax return contains unrelated IRS audit red flags, your risk for an HSA audit could increase. What are the rules for an HSA when you turn 65? If you are 65 or older, you can take ...

A health savings account is one of the most powerful tax-advantaged savings tools, but many people overlook its benefits. Your contributions are tax-deductible (or pretax if through your employer ...

You can make tax-free withdrawals and distributions to cover qualified medical expenses. Enrollment into a CDHP does not guarantee your eligibility for an HSA - there are additional IRS rules which ...

Here's how Misunderstood and underutilized, HSAs offer serious tax benefits and long-term savings potential. A new survey of over 500 organizations that offer an HSA program to employees shows ...

In Part 2 of a 3 part series, expert Marcia Mantell answers a question about specific rules for HSA contributions in the year of the 65th birthday. The last article looked only at making monthly ...