Most people view their Health Savings Account as a simple tool to pay for doctor visits, dental cleanings, or a new pair of glasses. In reality, the HSA is one of the most efficient investment vehicles allowed by the IRS. While [...]
Introduction: A Game-Changer for Healthcare Financial Planning The 2025 federal budget reconciliation bill, recently passed by the House, introduces the most significant expansions to Health Savings Accounts (HSAs) since their creation in 2003. These changes could provide more incentives [...]
The Growing Challenge of Healthcare Costs for Businesses For businesses in the automotive, roads, and fuel industries, and businesses with 5 or more vehicles, managing employee healthcare costs has become increasingly challenging. According to recent data, employer healthcare costs [...]
New England residents face some of the highest healthcare costs in the nation. For example, recent data shows that the average annual premium for employer-sponsored health insurance in New Hampshire, in many cases, exceeds $7,000 for individuals and $20,000 [...]
As we approach 2025, businesses in the automotive, roads, fuel, fleet, and related industries face an increasingly complex healthcare landscape. With health insurance costs continuing to rise, many companies are seeking innovative solutions to manage expenses while still providing [...]
Employees will be able to save more money in their health savings accounts (HSAs) in 2024, thanks to inflation-driven increases in contribution limits. The IRS announced on May 16 that the annual limit on HSA contributions for self-only coverage [...]
On December 23, 2022, the House passed a 4,155-page funding bill, the Consolidated Appropriations Act of 2023 (“CAA-23”), that includes a two year extension on telehealth relief for high deductible health plans (“HDHPs”) offered with health savings accounts (“HSAs”). [...]
You'll be glad you took the tax breaks. Outside of housing and maybe transportation costs, healthcare will likely be your largest retirement expense. It's unfortunate, but doctor visits become more frequent, and more health problems tend to pop up as you [...]
