HSA Limits for 2024: Maximizing Healthcare Savings
HSA account holders will now be able to contribute more money to their HSA than ever before. The HSA contributions limits are adjusted for inflation each year, and for 2024 the IRS announced the largest increase in years. HSA Contribution Limits The HSA contribution limits for 2024 have been adjusted to reflect the cost of […]
Read MoreNew High-Yield Interest Option for HSA Participants Coming Soon!
Increased Earning Potential with High-Yield HSA We are excited to launch a new high-yield interest option that enables your employees to optimize the value of their Difference Card HSA! Discover Our HSAs With this new option, account holders can take advantage of higher interest rates by choosing to have their HSA cash balance held in […]
Read MoreIncreased Interest Rates for Difference Card HSAs Will Take Effect January 1, 2023
The Difference Card is committed to providing our partners with market-leading HSA solutions. In this spirit, we are pleased to announce that higher interest rates are coming to all Difference Card HSA account holders. This change benefits account holders with HSAs custodied by Difference Card, for both the Traditional and High-Yield interest options. Discover Our […]
Read MoreHealth 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 health 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. Request a Proposal What are tax-advantaged benefit […]
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. Discover Our HSAs The annual inflation-adjusted limit on HSA […]
Read MoreHow Can You Contribute to an HSA?
Many Americans are creating Health Savings Accounts (HSAs) to save money for healthcare costs. Your employer may offer a Qualified High Deductible Health Plan (QHDHP) in your benefits package. You may also have the option to utilize an HSA as a self-employed freelancer. You can use the funds from this savings account to fill in […]
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. Discover Our HSAs Key benefits of our new investment solution Deliver a unique HSA experience that supports your employees through all stages of healthcare transactions – […]
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. Learn More About HSAs A bright spot in an otherwise […]
Read More