Both a HSA and a 401(k) are for tax-advantaged savings—the former for health expenses only, and the latter for retirement.

One of the most common notices from the IRS that my clients receive relates to distributions from their Health Savings Accounts (HSA). It is important to properly report these distributions from the ...

Health savings accounts have advantages beyond saving for medical expenses Rebecca Rosenberg has 10+ years of experience as a writer and content strategist. She has written dozens of articles on ...

・Here's a list of which medical expenses are HSA-eligible and which aren’t. ・This matters so that you can avoid penalties on non-qualified HSA withdrawals. ・Make sure your HSA expense qualifies before ...

In order to take advantage of HSAs, you'll need to understand how they work and the rules that apply. Health savings accounts (HSAs) are investment accounts that allow you to set aside pre-tax dollars ...

With American retirees living longer, but likely requiring increased health care provision, the importance of ensuring that retirement planning includes health costs is clear. But while health savings ...

(Washington, D.C.) – A new research report, “Health Savings Account Balances, Contributions, Distributions, and Other Vital Statistics, 2023: Evidence From the EBRI HSA Database,” published today by ...

Health savings accounts have advantages beyond saving for medical expenses Fact checked by Vikki Velasquez If you're looking to save money that you can grow now and use for later, you could do a lot ...

Health savings accounts (HSAs) are investment accounts that allow you to set aside pre-tax dollars for "qualified medical expenses" to pay for outlays not covered by your health insurance plan. By ...