Understanding Why There Is No Such Thing as a Joint HSA

Many people assume they can open a joint Health Savings Account (HSA) with their spouse, but HSAs are strictly individual accounts per IRS rules. While spouses cannot co-own an HSA, they can each maintain separate accounts and use their funds to cover qualified medical expenses for the entire family. This guide explains the key rules and considerations for married couples managing HSAs.

3 Important Mistakes to Avoid When Opening an HSA

Embarking on an HSA journey is a important step in managing healthcare expenses and securing financial stability. Our latest guide highlights three top mistakes to avoid when opening and managing an HSA. From understanding eligibility requirements and navigating fees, to maximizing your account’s long-term investment potential, we provide valuable insights for both new and seasoned HSA users. Dive in to make the most of your HSA and turn it into a powerful tool for your healthcare savings journey.

A Quick History of HSAs

Since their introduction in 2003, Health Savings Accounts (HSAs) have experienced significant growth. Intended to work alongside high-deductible health plans (HDHPs), HSAs have evolved in terms of features and flexibility. By 2022, there were over 35 million HSA accounts amassing a collective $104 billion. Dive into our blog as we chronicle the ascent and transformations of HSAs.

5 Common Misconceptions About HSAs

Health Savings Accounts (HSAs) are becoming more and more popular as a way to save money on healthcare costs, but there are still many misconceptions about how they work. In this blog post, we will address six common misconceptions about HSAs and explain the truth behind each one.

5 Potential Health Savings Account Hazards

Health Savings Accounts (HSAs) are becoming increasingly popular as a way to save money on healthcare costs, but they are not without their challenges. In this blog post, we will look at 5 potential HSA hazards and some ways you can try to avoid them.

State of HSAs – 2022

HSAs are a unique account with many different characteristics that can vary depending on the provider. We wanted to provide a snapshot of some of the key characteristics to consider when evaluating a health savings account provider.