HSA: Start Here (Second Edition)

What is an HSA?


Health Savings Account - an account where you save money for your healthcare expenses. It is owned by a single person and maintained by an IRS-approved trust company or custodian.


A long life of health and financial security is an important goal for all Americans, but that's often easier said than done. You likely know some steps that can improve your health and finances, like eating better, exercising more, and putting money into savings. But

did you know that switching your health plan can also help you save for the future? Switching plans can also help you to develop a pattern of better living so you can live a healthier life.


An alternative to a traditional healthcare plan is a Health Savings Account (HSA) matched with an eligible High-Deductible Health Plan (HDHP). This health plan is designed to give you more control over your health spending and help you save money for the future.


About the Author

S.J. Klumpenhower is a certified HSA specialist and healthcare advisor with Erisa Trust Company. She is a professional writer and graduated summa cum laude from the University of New Mexico.






1137672546
HSA: Start Here (Second Edition)

What is an HSA?


Health Savings Account - an account where you save money for your healthcare expenses. It is owned by a single person and maintained by an IRS-approved trust company or custodian.


A long life of health and financial security is an important goal for all Americans, but that's often easier said than done. You likely know some steps that can improve your health and finances, like eating better, exercising more, and putting money into savings. But

did you know that switching your health plan can also help you save for the future? Switching plans can also help you to develop a pattern of better living so you can live a healthier life.


An alternative to a traditional healthcare plan is a Health Savings Account (HSA) matched with an eligible High-Deductible Health Plan (HDHP). This health plan is designed to give you more control over your health spending and help you save money for the future.


About the Author

S.J. Klumpenhower is a certified HSA specialist and healthcare advisor with Erisa Trust Company. She is a professional writer and graduated summa cum laude from the University of New Mexico.






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HSA: Start Here (Second Edition)

HSA: Start Here (Second Edition)

by S.J. Klumpenhower
HSA: Start Here (Second Edition)

HSA: Start Here (Second Edition)

by S.J. Klumpenhower

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Overview

What is an HSA?


Health Savings Account - an account where you save money for your healthcare expenses. It is owned by a single person and maintained by an IRS-approved trust company or custodian.


A long life of health and financial security is an important goal for all Americans, but that's often easier said than done. You likely know some steps that can improve your health and finances, like eating better, exercising more, and putting money into savings. But

did you know that switching your health plan can also help you save for the future? Switching plans can also help you to develop a pattern of better living so you can live a healthier life.


An alternative to a traditional healthcare plan is a Health Savings Account (HSA) matched with an eligible High-Deductible Health Plan (HDHP). This health plan is designed to give you more control over your health spending and help you save money for the future.


About the Author

S.J. Klumpenhower is a certified HSA specialist and healthcare advisor with Erisa Trust Company. She is a professional writer and graduated summa cum laude from the University of New Mexico.







Product Details

ISBN-13: 9781647844196
Publisher: EHanism-Global Corp
Publication date: 09/15/2020
Sold by: Barnes & Noble
Format: eBook
Pages: 70
File size: 167 KB

Table of Contents

Table of Contents


Introduction: What is an HSA?

Why HSA?

Comparing Tax-Favored Accounts

How to Use this Book


Chapter 1: Eligibility


HSA-Eligible Health Plans

Other Coverage

Health FSAs and HRAs


Chapter 2: Contributions


Contribution Limits

Who Can Contribute

Comparability and Nondiscrimination

Owners and 2% or More Shareholders

Scheduling Contributions

Account Rollovers and Transfers

HSA-Rollover

IRA Transfer

Excess Contributions


Chapter 3: Distributions


Qualified Expenses

The Distribution Process

Save Receipts

Fees on Non-Eligible Withdrawals


Chapter 4: Account Management


Establishing Your HSA

Invest your Savings

Fund HSA First

Tips on Saving

Tax Reporting


Chapter 5: What about...?


Medicare

FMLA

Continuing Coverage

Losing and Regaining Eligibility

TRICARE and IHS Coverage

Divorce

Death

State Rules

Conclusion: Is HSA Right for You?

Taking Control of Your Health


Appendix I: Qualified Medical Expenses

Glossary

Resources


About the Author


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