Increased Interest Rates for Difference Card HSAs Will Take Effect January 1, 2023

December 19, 2022

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. Effective January […]

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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 health expenses. But the reality is an HSA is much more than a bank account, it’s a long-term savings vehicle. […]

HSA 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 […]

The 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 […]

What 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 […]

How 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 […]

Now 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 […]

How 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 […]

The 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 […]

What 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 […]