A new year is nearly here! For many, that means taking stock in the previous year. We’re doing the same on the Benefits Buzz blog. The people have spoken (or, rather, their clicks have spoken). Here are our nine most popular blog posts from 2021:
Only 7 percent of health savings account (HSA) participants invest their funds, even though an HSA has investment perks related to healthcare costs that a 401(k) and IRA don’t have. Do you know what those perks are?
The average person changes jobs 5.7 times between the ages of 18 and 24 alone. As a result, you may end up having multiple HSAs open. We break down your options.
There are hundreds of eligible expenses for your HSA and flexible spending account (FSA) funds. And some of the eligible expenses may surprise you. We highlighted a few of them.
The COVID-19 pandemic has led to you potentially needing to make a number of health-related purchases that you wouldn’t have otherwise made. Can you use HSA or FSA funds to pay for COVID-related costs? Find out here.
While you can’t pair an HSA with a general-purpose medical FSA, there are other types of FSAs that you can participate in if you also contribute to an HSA. And having both an HSA and an FSA has its advantages. We break them down for you.
When can you enroll in an FSA? And how much can you contribute? We answer these questions and many more in this blog post and podcast episode.
An FSA carryover lets participants carry over funds from one plan year to the next. Check out our blog post to learn more about how FSA carryovers work.
Dependent care FSAs let participants save money on eligible childcare and elderly care expenses. And these savings can really add up, considering the costs of these expenses. Learn more about the benefits of a dependent care FSA.
In November, the IRS announced 2022 contribution limits for medical FSAs, commuter benefits, and more! Learn what they are and what else was announced.
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The information in this blog post is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own counsel.