How to Qualify for an HSA

by Michael on Nov 21, 2013 · 5 comments

In response to my recent post about high deductible health insurance plans, a reader named Mike asked the following: “I was wondering if you know what exactly qualifies as an HSA-compatible HDHP?” This is an excellent question. In Mike’s case, it was motivated by confusion on the Obamacare marketplace. In […]

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We’re in the midst of open enrollment, which means that it’s time to reconsider our health insurance options for next year. I’ve mentioned in that past that we have a high-deductible health plan (HDHP), though I’ve never really discussed why we went with this option in the first place. We’re […]

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Making Use of a Limited-Purpose FSA

by Michael on Nov 14, 2013 · 1 comment

I’m currently going through the open enrollment process at work and wanted to shed some light on a topic that may be confusing to someā€¦ As you may or may not be aware, HSAs (i.e., health savings accounts) and FSAs (i.e., flexible spending accounts) are incompatible. More specifically, if you’re […]

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With open enrollment is just around the corner, I thought I’d take a moment to highlight the new HSA contribution limits for 2014. As a reminder, an HSA (Health Savings Account) is a special, tax-advantaged savings account that you can use if you have a high-deductible health plan (HDHP). By […]

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HSA After Leaving Job

by Michael on Jan 23, 2013 · 2 comments

A reader recently wrote in with a question about what to do with your health savings account (HSA) after leaving your job. The answer here is… It depends. Consider your options and don’t make any rash decisions. For starters, the money in the HSA is yours, and it’s portable. You’re […]

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Can You Choose Your Own HSA Provider?

by Michael on Nov 21, 2012 · 2 comments

Last week, I wrote about my experiences choosing the best HSA for investing. If you want to invest in your HSA, check it out. In response to that post, a reader named Linda expressed surprise that you can choose your own health savings account provider. Well, it’s true. While it’s […]

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HSA Bank vs. HSA Administrators

by Michael on Nov 16, 2012 · 6 comments

In response to my post about the best HSA for investing, a reader named Mike asked for details on what I termed the “excessive” fees at HSA Administrators. My response wound up being rather lengthy, so I decided to make it a post of its own vs. slapping it up […]

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A few weeks ago, my wife and I took our kids to get flu shots. We ended up getting them at our local pharmacy because they’re convenient and they take our insurance. After we got done — all six of us — I went to settle what should have been […]

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