October 10, 2012
Resources:
Why YOU Should Care:
If you establish an Archer MSA, you can claim a tax deduction for contributions even if you do not itemize your deductions on your Form 1040. Interest and other earnings on contributed assets are tax-free if used to pay qualified medical expenses.
Continue reading “The Basics: Medical Savings Accounts (MSAs)”
Posted in Concerns for all Taxpayers, Healthcare & Taxes | Tagged archer, health insurance, health savings, medical savings account, medicare, MSA
August 29, 2012
Resources:
Why YOU Should Care:
You may be able to fund a Flexible Spending Account (FSA) from your pre-tax income to reimburse yourself for medical expenses.
Continue reading “The Basics: Flexible Spending Accounts (FSA)”
Posted in Concerns for all Taxpayers, Healthcare & Taxes | Tagged flexible spending, FSA, health, insurance
August 8, 2012
Resources:
Why YOU should care:
If you are on a high deductible health plan (one with a deductible higher than typical plans), you may benefit from a Health Savings Account (HSA). HSAs provide a tax-exempt way for you to pay for qualified medical expenses for yourself or others.
Continue reading “The Basics: Defining Health Savings Accounts (HSA)”
Posted in Concerns for all Taxpayers, Healthcare & Taxes | Tagged health insurance, health savings account, HSA, insurance, medical |
