by Akila Sivakumar | Nov 13, 2022 | Blog, Business, Tax
No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way to provide some of these benefits is through an employer-sponsored Health Savings Account (HSA). For eligible individuals, an HSA offers a tax-advantaged way...
by Brian Hare, CPA, CGMA | Nov 18, 2020 | Business
Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business may be interested in providing some of these benefits through an employer-sponsored Health Savings Accounts (HSA). Or perhaps you already have an...
by Brian Hare, CPA, CGMA | May 26, 2020 | COVID-19
The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA basics An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” An HSA can only be...
by Brian Hare, CPA, CGMA | Oct 5, 2018 | Business
If you’ve done any research into employee benefits for your business recently, you may have come across a bit of alphabet soup in the form of “HSA + HDHP.” Although perhaps initially confusing, this formula represents an increasingly popular model for health care...
by Paula Kennedy, EA | Jul 19, 2018 | Business, Uncategorized
There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care accounts costs. So it’s critical to leverage all tax-advantaged ways to fund these expenses, including HSAs, FSAs and HRAs. Here’s how to make sense...
