How to Offer and Set up an HSA for Employees
Traditional group health insurance costs have risen steadily over the years, making high deductible health insurance plans with health savings accounts (HSA) a more attractive option for employers and their workers. Many companies are beginning to offer employer-sponsored HSAs to help employees cover healthcare costs. HSAs are a type of personal savings account individuals can […]Read More
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. […]Read More
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 […]Read More
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. Discover Our HSAs The annual inflation-adjusted limit on HSA […]Read More
There is still time to make contributions to your or your employees’ 2021 Health Savings Account
The deadline to contribute to an HSA for the 2021 Income Tax Year is April 18, 2022. The due date is April 18, instead of April 15, because of the Emancipation Day holiday in the District of Columbia – even if you don’t live in the District of Columbia. Learn More About Our HSAs Employees […]Read More
Reminder: The Difference Card is Moving to a New HSA Investment Experience for Members
On January 5, 2022, we launched The Difference Card HSA investment solution. A new HSA investment experience that makes it easier for investors of every experience level to work toward their long-term financial goals. Discover Our HSAs Key benefits of our new investment solution Deliver a unique HSA experience that supports your employees through all […]Read More
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 […]Read More
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. 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 More
What Is an HSA & How Does It Work?
More Americans are starting to use Health Savings Accounts (HSAs) to assist with their health care costs. As HSAs gain popularity, you’ll likely want to know if an HSA is right for you, especially if your employer offers an HSA in its benefits package with a Qualified High Deductible Health Plan (QHDHP). Fortunately, understanding HSAs […]Read More