Record inflation isn’t just hitting Americans at the supermarket and at the pump. It's also driving up health care costs, and the current spike will have a lasting effect on retirement medical expenses even after inflation returns to normal levels, a new study finds.
Read MoreThe 2022 tax season is officially underway and now is the time for Americans to increase their health savings by maximizing their HSA contributions.
Read MoreEmployers can resume covering telehealth for workers with health savings accounts before patients meet costly annual deductibles thanks to a provision in the omnibus spending bill approved by Congress.
Read MoreHealth Savings Accounts offer tax benefits that no other long-term account can match. But do those additional savings really matter over time?
Read MoreOne big misconception about Medicare is that it provides free health coverage for enrollees. The reality is that there are many costs seniors routinely face under Medicare, and those costs can climb from year to year.
Read MoreA health savings account (an HSA) is a form of tax-advantaged retirement account designed for healthcare spending.
Read MoreIf you're anticipating that Social Security benefits are going to help cover most of your expenses as a retiree, you're in for a big disappointment.
Read MoreMany Americans age 65 and older can't contribute to Health Savings Accounts - at a time when they often incur their highest medical spending.
Read MoreMany federal employees can save money by switching to a high deductible health insurance plan with an HSA when they have the chance.
Read MoreA recent estimate projects that a retiring couple with high medical expenses will pay more than $360,000 in retirement medical costs.
Read MoreYou may already know that I track the data needed to make inflation adjustments for Health Savings Accounts from one year to the next.
Read MoreA Qualified HSA Funding Distribution, or QHFD, allows for a tax-free transfer from an IRA to your Health Savings Account, or HSA.
Read MoreWhile your health insurance deductible (and the timeline it follows) might not be something you typically think about during the holiday season, it's important to give it some thought.
Read MoreWho's covered on your HSA-qualified plan and whose expenses you can reimburse tax free are different.
Read MoreEmployees over 65 may have to reverse recent HSA contributions.
Read MoreA Health Reimbursement Arrangement is usually disqualifying coverage. But not always.
Read MoreWhy employed Americans with an HSA need to pay attention to Medicare and Social Security enrollment.
Read MoreThe smart move is to think of your health savings account (HSA) as an extra retirement account.
Read MoreMedicare savings accounts (MSAs) and health savings accounts (HSAs) both give consumers tax-advantaged ways to fund the costs of healthcare.
Read MoreMedicare open enrollment for 2022 has begun, while Part A is mandatory, some seniors can opt-out of the other parts under certain conditions.
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