Why You May Want to Consider a Health Savings Account
Key Takeaways Health Savings Accounts (HSAs) are a way to pay for medical expenses with tax-free money. The money you put into an HSA grows tax deferred. HSAs can also serve as another retirement account.
Open Enrollment Affordable Care Act
Key Takeaways Open enrollment for the Affordable Care Act (ACA) begins November 1st, 2020. If you don’t have medical coverage through your employer, you’ll want to check out the ACA. There are three possible categories to enroll in, based on your income level.
FSA Deadlines: Use Your Cash Before You Lose It!
Key Takeaways Flexible Spending Accounts (FSAs) allow you to save pretax money to use for qualified medical expenses not covered by your health insurance. You must use the funds by the end of the year, otherwise you’ll lose them. Some employers allow you until March 15th to spend your FSA funds.