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)”
The Basics: Defining Health Savings Accounts (HSA)
Resources:
- IRS Publication 969: Health Savings Accounts and Other Tax-Favored Health Plans
- 2011 Form 8889: Health Savings Account
- 2011 Instructions to Form 8889
- IRS Publication 502: Medical and Dental Expenses
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)”
