HSA News for August 11, 2025
HSA news is compiled by Mr. HSA, Roy Ramthun.
HSA Studies & Analysis
Health Savings Account Adoption Spans Socioeconomic Spectrum
HSA adoption spans the socioeconomic spectrum. According to data from Devenir, 64% of HSA account holders live in a ZIP code with median household incomes of less than $100,000; and 92% of account holders live in areas with a median household income of less than $150,000. Devenir reported that almost 30% of account holders live in areas with a median household income of $60,000 to $90,000.
Compliance Corner
Four Pitfalls in the Transition from an HSA-Qualified Plan to Medicare Coverage
It's unfortunate that Social Security and Medicare rules create certain disadvantages for HSA owners. The result is discrimination among HSA account owners based on age, income, and company size, plus slamming the contribution door shut when two unrelated programs are linked by a rule created long before HSAs were created.
Can Two Spouses Who Both Own HSAs Reimburse Each Other's Expenses?
My wife and I both own HSAs. Are we required to reimburse our own qualified expenses from our own accounts? No, you are not required to reimburse your expenses from your own account. If you’re married, you can reimburse your own or your spouse’s qualified expenses tax-free, and your spouse can do the same.
HSA Best Practices
How Advisors Can Help Employers Maximize HSA Strategies
As healthcare costs are projected to continue growing, the more significant it is to educate participants about utilizing HSAs strategically, and for financial advisors to voice these tactics to their plan sponsor clients. A report from Lively looks at the top action items for employers who want to elevate healthcare education for participants.
Market Trends
Men Save Twice as Much as Women. Why Is That?
According to one survey, men save more than twice as much as women. What is the real story behind the numbers? Men are not inherently better savers. Bridging the gender savings gap means rethinking the systems that hold women back, from pay structures and caregiving expectations to the ways financial institutions engage with their clients.
Listen up, Boomers: Your Millennial Children Cannot and Will Not Do It Like You Did
Boomers are the wealthiest generation in American history, and many are parents to younger millennials who are not following in their financial footsteps. It is not about rebellion. Miillennials approach life and money differently, making smart choices based on the new economic reality.
HSAs & Retirement
The Hidden Retirement Cost That Could Lead to Financial Ruin
Americans vastly misjudge the costs of long-term care outside the home. For younger generations watching their parents approach retirement, this isn't just mom and dad's problem—if it hasn't happened already, it could become yours too. We take you through what to expect and how you can prepare.
New Report Reveals Employees are Underprepared for Retirement and Healthcare Costs
According to a new survey, most respondents lack a plan to manage healthcare costs in retirement, from long-term care to surprise medical bills, leaving them exposed to financial shocks. Additionally, confidence in Medicare's ability to meet future needs remains low, and many fear financial ruin due to chronic illness or elder care expenses.
A Hierarchy for Retirement Savings
Most investors tiptoe into retirement savings. One question investors often ask is, if they have a fixed sum of money to invest every month or every year, how should they deploy that cash for their retirement savings? Which receptacle gives them the biggest bang for their buck? Although there are no one-size-fits-all answers, the following framework for retirement savings will be a good starting point for many investors.
6 Reasons This Is the Best Type of Retirement Account Out There
Millions of savers overlook one incredibly underrated way to add extra oomph to their efforts to build a nest egg -- an HSA. An HSA is a great place to save for today’s medical expenses. But it might be an even better place to stash cash for your golden years. Here are some key reasons to consider using an HSA to save for retirement.
Medicare Awareness Is Crucial Missing Piece in Retirement Planning
Only under certain circumstances can working seniors defer Medicare and remain on their employer’s plan or a working spouse’s health insurance. People who retire before age 65 cannot sign up for Medicare until their enrollment period begins in the year they turn 65, and their only insurance options until then are Affordable Care Act plans, COBRA or private insurance.
Avoid Medicare's 'Shadow Tax' With This Financial Expert's IRMAA-Busting Tips
While there are federal programs in place to help retirees manage the rising cost of health care, additional charges can be triggered if your income exceeds a certain threshold. A prime example is Medicare's income-related monthly adjustment amount (IRMAA). IRMAA is a surcharge or tax applied to beneficiaries whose modified adjusted gross income exceeds a certain amount. There are several ways to deal with IRMAA.
Maximizing Your HSA
13 Things You Can Do With a Health Savings Account
There's no doubt that an HSA, known around here as a Stealth IRA, is my favorite investing account, and it is the first account we fund every year. Too many people are unfamiliar with the HSA law, and they don't realize just how many things you can do with an HSA. Here are 13 things you can do with an HSA.
A Favorite Savings Tool of Financial Advisers Gets Better With 'One Big Beautiful Bill'
Thanks to new provisions in the recently signed tax and spending law, more people will be able to benefit from the triple tax-advantaged HSA, experts say. The law opens up HSAs to tens of millions more Americans by allowing more Affordable Care Act insurance plans, Direct Primary Care arrangements, and plans with telehealth coverage.