Retirement plan contribution limits are adjusted for inflation each year. Inflation has come up a bit lately. By my calculation it's going to push up both the 401k/403b/457 contribution limit and the IRA contribution limit in 2019 by $500. All the [...]
HSA and FSA In The Same Year
During benefits open enrollment at my employer, I signed up for both Health Savings Account (HSA) and Flexible Savings Account (FSA) for next year. You may have heard that you can't contribute to both HSA and FSA in the same year. It's not true. You [...]
FSA, HSA, HRA, Oh My!
I'm familiar with FSA -- Flexible Spending Account. You put pre-tax dollars in it during open enrollment. You then use the money on health care expenses your insurance doesn't cover: your deductible, copays, and co-insurance. I'm also familiar with [...]
How to Save $4,000 in Your Graduation Year – Part 2: Insurance
[This is a guest post from Bogleheads investment forum participant Bob’s not my name as a follow-up to his previous post How to Save $4,000 in Your Graduation Year -- Part 1: Taxes.] In Part 1, we looked at the weird stew of education credits and [...]
How Much Will the New Health Care Taxes Affect Middle Class Families?
[This is a guest post from Bogleheads investment forum participant Bob’s not my name as a follow-up to his previous post How Much Will the New Health Care Taxes Affect High Earners?] There hasn’t been much discussion of how screwed middle class [...]
How Much Will the New Health Care Taxes Affect High Earners?
[This is a guest post from Bogleheads investment forum participant Bob’s not my name.] There’s a lot of talk these days about the new Medicare taxes in the Affordable Care Act (ACA), so you may be wondering how much they will affect you. The [...]
Pre-Tax Spending Accounts Are No Cure for Tax Increases
New York Times Your Money columnist Ron Lieber got into some hot waters with readers after he wrote his column A Tax Plan That Might Not Be So Painful. I guess that's because he used Dodging the Proposed 2013 Tax Increase as the headline for his blog [...]
OTC Drug Coverage Will Stop for FSA, HSA, and MSA
The IRS issued a bulletin last Friday saying effective January 1, 2011, over-the-counter drugs will not be covered under a Flexible Spending Account (FSA), Health Savings Account (HSA) or Medical Savings Account (MSA) unless you get a prescription. [...]
How Much Should You Put Into Flexible Spending Account (FSA)?
My company is doing open enrollment again for next year (for more info on what to choose in open enrollment, see previous posts). I'm not going to make any changes except I have to re-enroll for flexible spending account (FSA). If you use flexible [...]
