What These 10 Common Pre-tax Terms Really Mean
Navigating the world of pre-tax benefits can sometimes feel like deciphering a complex code. With terms like “substantiation” and “HRA” it’s no wonder many find
Health Savings Accounts are governed by Internal Revenue Code (IRC) 223. Health Savings Accounts (HSAs) allow individuals who are covered by an HSA-compatible health plan, also referred to as a qualified high deductible health plan, to save money to pay for eligible medical expenses on a tax-free basis. HSAs are individually-owned by employees, automatically carry over for future use and have tax-free earning potential through interest or investments.
* Non-deposit products, such as mutual funds, that may be held in the HSA are not FDIC insured, are not guaranteed, and may lose value.
Navigating the world of pre-tax benefits can sometimes feel like deciphering a complex code. With terms like “substantiation” and “HRA” it’s no wonder many find
A key player in the balance between health and wealth is the health savings account (HSA). Beyond being a traditional healthcare benefit, HSAs provide a
Whether you are a participant exploring your benefit options or an employer preparing a benefits package, you may have formed certain myths about pre-tax benefit
Health Savings Accounts provide a unique opportunity for employees to start saving for medical expenses today and into the future.
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HSA Custodial Services are provided by a separate financial institution. See your HSA Account Agreement for specific account terms.
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