2023 and 2024 calendar year HSA contribution limits and HDHP qualifications for individual and family coverage. Big changes due to high inflation.
Financial institutions often don’t recognize your Power of Attorney. Follow this process to authorize access to your Fidelity and Vanguard accounts.
Making fewer things matter helps you focus attention and ward off FOMO and sales pitches. You’ve made it when you can afford all the “mistakes.”
When you are a resident of California or New Jersey, having an HSA and especially investing in the HSA require extra tax reporting. Here’s how to do it.
One HSA provider stands out well above others for people who invest the HSA money.
When you get health insurance from ACA, you can enroll different family members with different healthcare needs into different insurance plans.
If you don’t like the HSA your employer chose for you, you can rollover the money to a provider you like for better investment options.
HSA contribution limit gets more complicated when a married couple are on different health plans or when they change insurance plans during the year.
The qualified HSA funding distribution is practically useless.
When the premiums between a high deductible and a low deductible health plan are close, the bulk of the savings come from the tax deduction on HSA contributions.
Just a high deductible isn’t enough. Health insurance plans must meet other criteria to become HSA-eligible.
It’s not necessary to wring every last drop out of your big wins. Leave some money on the table. It minimizes the chances of something going wrong.