Unlocking the power of HSAs for employers and employees
Here are some approaches that employers can adopt to help employees make the most of their medical and financial benefits.
By Bill Stuart|October 15, 2021 at 11:02 AM
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Today is the third annual HSA Day, an event that falls at the halfway point of the typical tax-filing year (returns due April 15 most years). The timing is appropriate since Health Savings Accounts offer distinct tax savings for owners.
For those Americans with an HSA-qualified health plan, an HSA is the only account through which they have the opportunity to enjoy tax savings on contributions (including payroll-tax savings on pre-tax payroll deductions to fund their accounts), any earnings on those contributions, and distributions (for a wide range of qualified medical expenses).
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