Posts with the category ‘Health Savings Accounts’

20 Ways to Use Up Your Flexible Spending Account

By Tim Parker   The end of 2017 is almost here. If you have a flexible spending account (FSA) – there are two kinds: one for health and medical expenses and one for dependent care expenses – this means that you’re likely up against a use-it-or-lose-it scenario. It’s possible that your company might offer you a rollover of $500 or a grace period in which to use up your leftover funds, thought it can’t offer both, but whatever they offer…. Read More

Coping with Medical Bills

Prepared by Broadridge Investor Communication Solutions, Inc. A single procedure or trip to the hospital can fill your mailbox with stacks of bills. These can come from hospitals, doctors, pharmacies, emergency rooms, labs, and many others. The stress involved with handling all of this paperwork can be almost as overwhelming as the illness or injury itself. If your medical bills start to pile up faster than you can pay them, don’t wait for a crisis to occur before doing something… Read More

Health Savings Accounts: What You Need to Know

By Kaleb Paddock, CFP If you’ve noticed the cost of healthcare has been increasing, you’re not alone. In 2016, the cost of healthcare for a typical American family of four covered by an average employer-sponsored preferred provider organization (PPO) plan is $25,826, according to the Milliman Medical Index (MMI). As the cost of care has skyrocketed, so has the popularity of Health Savings Accounts, also referred to as HSAs. Originally created as part of the Medicare Prescription Drug, Improvement, and Modernization… Read More

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