HSAs: A Tax Trifecta Investment Opportunity
When Does a Participant Loan Become a Deemed Distribution?
When it comes to fiscally frugal health insurance options, health savings accounts (HSAs) aren’t exactly new to the game. They’ve been around since 2003 and have only increased in popularity among employers, politicians, and certain types of employees. In recent years, however, the growth in popularity of HSAs is due less to the accounts’ function Read More →
What’s an HSA and is it Right for You? [VIDEO]
For plans that offer loans, there is oftentimes confusion around when a participant loan will default, and even more so around when that loan would be considered a distribution for tax-reporting purposes. A recent IRS Issue Snapshot affirms that a participant loan is a legally enforceable agreement and terms of the loan agreement must comply Read More →
Health Savings Accounts (HSAs) have grown tremendously in popularity over the past few years, and for good reason. You’ve probably heard of them or maybe your employer offers one. Read on to uncover answers to some common questions you may have regarding HSAs. What’s an HSA? A type of savings account that allows you to Read More →