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

Self-employed individuals, such as small-business owners and independent contractors, are always looking for ways to reduce their tax bill and better manage healthcare costs. One often overlooked ...

The Internal Revenue Service (IRS) defines four criteria to be an "eligible individual" for making contributions to a Health Savings Account (HSA): The individual is covered by a qualified high ...

A Dependent Care Flexible Spending Account (DCFSA) is an employer-owned and funded account to which an employee may contribute pre-tax funds that may be used tax-free for eligible dependent care ...

Health plan deductibles keep getting higher — the proportion of workers with a deductible that topped $1,000 for single coverage nearly tripled in the past five years, to 34 percent. Since ...

As of January 1, 2025, Flexible Spending Accounts and Health Savings Accounts will be administered by WEX. Employees opting to transfer their health savings account funds from HealthEquity to WEX must ...

You always have the option to choose when and when not to use your Health Savings Account (HSA) dollars. You may pay for qualified medical expenses with after-tax dollars, allowing your HSA balance to ...