“True, HSA contributions limits by themselves are inadequate to fund a comfortable retirement. But no one seriously suggests using an HSA alone to fund retirement.” William G. (Bill) Stuart Director of Strategy and Compliance June 13, 2019 I’m a big fan of LinkedIn. Used properly, LinkedIn can be a very effective career-building tool. Here are.. Read more
“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
“[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
“[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
“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
“It’s easy to conduct this analysis. Sadly, it’s easy not to, which is why most people don’t. But you should. Your costs – and perhaps your care – are at stake.” William G. (Bill) Stuart Director of Strategy and Compliance Nov. 15, 2018 I hope that this advice doesn’t come too late to affect your.. Read more
“We received a $500 prompt-pay discount and saved approximately $600 on the $1,900 net bill. So, between prompt-pay discount (drawing on Health FSA funds that hadn’t yet been deducted from my paycheck) and the tax savings, our net cost was about $1,300. In contrast, the person in the next chair probably wasn’t covered by a.. Read more
“If the program ends up depriving the federal treasury of tax revenue, it’s only because older couples are allowed to keep a little more of their resources to pay for . . . retirement medical expenses. . . With concerns about the financial pressures on so many senior citizens who live on fixed incomes,.. Read more
“Democrats will point to statistics showing that most HSA owners don’t accumulate large balances because they don’t have sufficient discretionary income to contribute to the current statutory limits. . . But for many, an HSA is merely an alternative to a Health FSA. . . No one criticizes Health FSAs because participants don’t build balances.. Read more
“It’s important to see an HSA for what it is, a financial account with tax benefits, and not what it isn’t, medical coverage with high financial barriers to care. Once we establish these principles, we can have a debate about the merit of HSAs. On the other hand, who’s going to take the position that.. Read more
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