On the topic of investing in your HSA… Some of you might be interested in moving your HSA money to a new provider with lower fees, better investment options, etc. Fortunately, it’s not only possible to move your money, it’s also quite easy to do. The main thing that you’ll […]
This is just a quick followup to my earlier post about the best HSA for investing. At that time, HSA Bank looked like the best option. But now? Well, my pal Harry recently pointed out that Eli Lilly Federal Credit Union is an excellent option for those who are interested […]
Welcome to 2014! I’m not sure about you, but we don’t have any major, life-changing resolutions for the year ahead. That said… We do have some financial goals for the next 12 months. What sort of goals? Since we don’t have any debt, we’re primarily focused on our investment accounts.
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 […]
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 […]
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 some… 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 […]
A reader named Chris just let me know that the U.S. Treasury has modified the “use-it-or-lose-it” rule relating to FSAs. In the past, when you had unspent funds left in your Flexible Spending Account at the end of the year, you lost them to your employer. Yes, your employer already […]
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 […]