Category: HSA General Information

Capital Update

November 26th, 2019

“My favorite lobbyist is fond of comparing legislation to a train. With any legislative effort, he wonders: Where is the train going? How powerful is the engine? How many cars can it pull? In other words, it’s often not the merits of a piece of legislation, but rather how to attach it to a relevant.. Read more

Don’t Let IRMAA Crash Your Retirement Party

November 14th, 2019

“To quote those commercials for 70s rock CDs, grout cleaners, and chia pets, ‘But wait, there’s more.’ . . . Health Savings Accounts appear, by my math, to be septuple-tax-advantaged account – with four distinct advantages over traditional 401(k) plans and IRAs.” William G. (Bill) Stuart Director of Strategy and Compliance November 14, 2019 You’ve.. Read more

Tools to Manage Rising Premiums

October 31st, 2019

“A far more effective approach is defined contribution. An employer offers a flat contribution to each employee . . .  When employees pay the entire difference in premiums, they tend to choose the less-costly plan. And employers can set their budgets well in advance, since they’ve fixed their cost per employee.” William G. (Bill) Stuart.. Read more

Avoid the HSA-Health FSA Compliance Collison

September 19th, 2019

“An employer best practice is to run the medical plan and the Health FSA concurrently. That way, employees can review changes in cost-sharing in medical plan each year to make the appropriate health FSA election. They usually can’t open their Health FSA mid-year to alter their elections to reflect changes in their projected out-of-pocket costs.”.. Read more

Age 65 in Sight? Avoid Some Pitfalls

September 5th, 2019

“The decision around when to sign up for Social Security benefits is complicated . . . Just be aware that one of the negative consequences of collecting Social Security benefits is that if you’re age 65 or older, you can’t make or receive additional Health Savings Account contributions.” William G. (Bill) Stuart Director of Strategy.. Read more

A Virtual HSA Discussion

June 13th, 2019

“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

How to Make HSAs Better Retirement Accounts

March 22nd, 2019

  “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

March 7th, 2019

  “[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

February 19th, 2019

“[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

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Manchester, NH 03101
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Benefit Strategies
P.O. Box 1300
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