Health Savings Account vs. a 401k
Should I max out my HSA contributions? Most people don’t think about an HSA as a savings account. Instead, they think of it as an account used to set aside money, tax-free, to pay for healthcare expenses. But the reality is an HSA is much more than a bank account, it’s a long-term savings vehicle. […]
Read MoreHSA vs. FSA: Comparing Strategies
What is the difference between a Health Savings Account and a Flexible Spending Account? A health savings account (HSA) and a flexible spending account (FSA) are both great savings vehicles to make your dollars stretch further for healthcare costs. With either option, your employer can contribute pretax dollars into your account, and you can use […]
Read MoreThe Power of Tax-Advantaged Benefit Accounts
If you’re confused and overwhelmed by tax-advantaged benefit accounts that are offered alongside your health insurance plan, you’re not alone. With July open enrollment season quickly approaching, you may find yourself wondering what tax-advantaged accounts are, how they can help you, and what the differences are among them. What are tax-advantaged benefit accounts? Several types […]
Read MoreWhat are the 2023 Limits for HSAs and High-Deductible Health Plans?
IRS Announces increase for Health Savings Account Contribution Limits On April 29, the IRS released the HSA contribution limits for the 2023 calendar year, along with the minimum and maximum out-of-pocket expenses for High Deductible Health Plans (HDHPs). HSAs must be paired with a qualified HDHP. The annual inflation-adjusted limit on HSA contributions for self-only […]
Read MoreNow Available: A New HSA Investment Experience for Members
The Difference Card delivers a new and modern approach to HSA investing that allows your employees to personalize their investment journey to fit their unique needs and experience level. Key benefits of our new investment solution Deliver a unique HSA experience that supports your employees through all stages of healthcare transactions – spending, saving and […]
Read MoreHow to Create an HSA Spending and Saving Strategy for 2022
With 2022 just around the corner, what better time than now than to come up with a HSA spending and saving strategy? As your HSA is an account you can pull money from, it’s important to see how it ties into your larger spending plan. A bright spot in an otherwise gloomy 2020 into 2021 […]
Read MoreThe Difference Card announces new partnership with GoodCell: A blood-based health screening company
The Difference Card is now offering opportunities for members to use their tax-free Flexible Spending Accounts or Health Savings Accounts to purchase discounted preventative health services through GoodCell. The Difference Card is partnering with GoodCell to help members take a proactive approach to their health and well-being. This partnership will enable members to obtain at […]
Read MoreWhat the New HSA Limits for 2022 Means For You
The IRS Announces 2022 HSA and Qualified HDHP Limits The IRS announced the 2022 limits for Health Savings Accounts (HSA) and Qualified High Deductible Health Plans (HDHP). This allows employers or plan sponsors sufficient time to prepare for Open Enrollment period for 2022. The New HSA Rules for 2022 Health Savings Account (HSA) contribution limits […]
Read MoreIntroducing Health Savings Accounts from The Difference Card!
Super savings with a Difference Card HSA! The combination of an HSA + The Difference Card is a powerful healthcare tool. With a Difference Card HSA, you can stack multiple benefits onto ONE CARD. Difference Card members can use their card to spend HSA funds, LPFSA funds and employer funded dollars- all with the swipe […]
Read MoreAmazon announces compatibility with benefit cards like The Difference Card
Amazon announces compatibility with benefit cards like The Difference Card Amazon recently announced that they have become a a SIGIS-certified merchant, meaning they can now allow FSA eligible sales on their website. This Spring, Amazon quietly rolled out their new FSA Storefront which sells medical supplies and other FSA-eligible items. FSA participants can also take advantage of […]
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