Here Is What Happens to Your HSA if You Leave Your Job

August 8, 2023

If you’ve been laid off or decided to leave your job, you may be wondering what will happen to your health savings account (HSA). Since you’re the owner of your HSA, it’ll follow you wherever you go. This means you’ll still have your HSA, whether employed, unemployed or switching jobs. What Is an HSA and How […]

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HSA Funds — Should You Keep or Invest?

June 30, 2023

A health savings account can help you save for your healthcare expenses and offer tax benefits. If you have funds sitting in your HSA, you may wonder whether you should keep the money in your account or invest in another asset for potential savings growth. Below, we’ll cover more about keeping or investing HSA funds, including […]

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HSA Plan Tax Benefits for Employers

June 20, 2023

If you are in charge of creating the benefits packages for your employees, you don’t want to overlook a Health Savings Account (HSA). With an HSA, you can take advantage of several tax benefits that will set both you and your team up for success. These accounts essentially function as personal savings accounts. Employees can place tax-free […]

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HSA Limits for 2024: Maximizing Healthcare Savings

2024 Limits for HSAs and High-Deductible Health Plans
May 23, 2023

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 […]

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New High-Yield Interest Option for HSA Participants Coming Soon!

Coming Soon New interest option for hsa members
April 11, 2023

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 […]

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

Increased Difference Card HSA Interest Rates for 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. Discover Our […]

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How to Offer and Set up an HSA for Employees

November 22, 2022

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 […]

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Health Savings Account vs. a 401k

July 5, 2022

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. […]

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HSA vs. FSA: Comparing Strategies

June 20, 2022

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 […]

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The Power of Tax-Advantaged Benefit Accounts

June 7, 2022

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 […]

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