Managing Health Care and HSA Coverage for Your Young Adult Child

Young Adult HSA Coverage

When your children turn 18, there are a significant number of life changes that take place. They’re graduating high school, going off to college, starting their first jobs, and perhaps living independently for the first time. As they head off into the first forays of adulthood, make sure they’re prepared for what’s ahead. One piece…

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Three “201” Strategies for Maximizing HSAs

Advanced HSA strategies to maximize your account

When it comes to health care consumerism, we have good news. Through both offline and online resources, our data shows that consumers are becoming more educated on using their health care spending dollars wisely. Consider these facts: Consumer Directed Health Plan (CDHP) participants are 39% more likely to check the price of a service before…

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Life Changes and HSAs: How to Advise Employees Turning 65

What to know when you turn 65 with an HSA

With every age comes new milestones and turning 65 is no different. Many of your team members might start thinking about retirement at this age, and even if an employee is still actively working at 65, if they have a health savings account (HSA), there are several new rules and regulations they should be aware…

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Health Care Finance Year in Review: 2020

2020 year in review

When 2020 began, it’s safe to say no one could have predicted all that was to come. As individuals and organizations, we all came together to quickly pivot to keep ourselves, our families, and our communities safe. As we look back over the year, organizations and legislation has also changed to address the COVID-19 pandemic,…

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CARES Act Permanently Extends Eligible Expense Items

The CARES Act made several routine expenses eligible for HSA and FSA reimbursement

With the passage of the CARES Act in March 2020, additional over the counter (OTC) products and feminine hygiene products are now eligible to be purchased using a medical spending account, such as an health savings account (HSA). Prior to the passage of the act, these items were only eligible for reimbursement with a prescription.…

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Using an HSA with Kids Over 18 Years Old

when your child turns 18 what do you do with HSAs?

When a child turns 18, there are a lot of changes that begin to take place. He or she may be heading off to college soon or starting their first job. When it comes to health insurance, it is easy for young adults to stay in the dark about coverage, cost, and benefits. Under the…

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The Cost of Common Holiday Injuries

holiday cupcake with sprinkles

Slipping a disk while picking up a grandchild to greet them. Choking on a turkey bone during a holiday meal. Indulging in too many festive cocktails. According to the United States Consumer Product Safety Commission (CPSC), more than 15,000 holiday-related injuries occur this time of year. This holiday season, it’s important your employees understand how…

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