Blog
Using an HSA to Reduce Future IRA Taxes
“The good news is that the federal government is running a well advertised sale on federal income taxes. . . . Thus, a rollover now will cost you less than it would before 2018, since marginal tax rates are lower.” William G. (Bill) Stuart Director of Strategy and Compliance April 18, 2019 Most Americans don’t.. Read more
Topics on the Hill
“Unions (an important part of the Democrat base) and businesses (which lean Republican) both have opposed the tax because it reduces their value proposition to employees and limits their flexibility in offering benefits.” William G. (Bill) Stuart Director of Strategy and Compliance April 4, 2019 I’m in meetings on Capitol Hill today, hearing from Republicans.. Read more
How to Make HSAs Better Retirement Accounts
“Congress . . . can’t continue a policy that discriminates against employees who earn lower wages.” William G. (Bill) Stuart Director of Strategy and Compliance March 21, 2019 When I tell people about my soon-to-be-released book, HSAs: The Tax-Perfect Retirement Account, I’m sometimes asked what changes I’d like to see in HSA rules to.. Read more
The Four Types of HSA Owners
“[Y]ou don’t need a six-figure income to become a Conscious Accumulator. Workers who are diligently saving for retirement can fund their HSAs at or near the statutory maximum each year by shifting where they place their retirement contributions.” William G. (Bill) Stuart Director of Strategy and Compliance March 7, 2019 Different people use Health.. Read more
Introducing Medical Equity
“[I]f used properly, an HSA is a more efficient means of building medical equity. . . Taxes reduce the amount of your contribution or the spending power of your distribution. Alone among these accounts, HSA contributions, balances, and distributions experience no tax friction as long as withdrawals reimburse qualified expenses.” William G. (Bill) Stuart Director.. Read more
Do HSAs Help Low-Income Americans?
“HSAs help owners across the income spectrum pay their bills. . . . For even the poorest Americans, receiving a discount of 25% or so on a medical bill is better than receiving no discount. It’s no panacea, but it eases the financial strain.” William G. (Bill) Stuart Director of Strategy and Compliance February.. Read more
The Latest Challenge to the ACA
“Judge O’Connor . . . ruled the ACA unconstitutional because a tax that raises revenue is no tax, the text of the ACA doesn’t include a severability clause, and even proponents of the law have long argued that the mandate, guaranteed issue, and community rating together are integral to the successful operation of insurance markets.”.. Read more
Welcome the 116th Congress
“Probably the best solution for the country would be . . . bipartisan legislation that loosens the federal grip on benefit design, increases choices, covers more Americans, gives states meaningful incentives to manage their Medicaid populations, and attacks the true drivers of medical costs.” William G. (Bill) Stuart Director of Strategy and Compliance Jan. 10,.. Read more
Take It to the Limit with an HSA and Limited Health FSA
“If you want to pay this year’s expenses this year and enjoy immediate tax benefits, a HSA/Limited-Purpose Health FSA combination allows you to pay your bills and gain a tax advantage this year, rather than carry financial obligations or delay tax benefits into the future.” William G. (Bill) Stuart Director of Strategy and Compliance December.. Read more
A Few Pesky HSA Compliance Issues
“[T]his young adult woman can open her own HSA. She doesn’t have to be the medical-plan subscriber. In fact, it’s not unusual for more than one person on a contract to be HSA-eligible.” William G. (Bill) Stuart Director of Strategy and Compliance Dec. 13, 2018 One of the advantages of spending time in the field.. Read more
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