Frequently-asked questions by tag
Can I buy health insurance through the exchange that’s compatible with an HSA?
January 2, 2024 – When choosing a health plan during open enrollment or a special enrollment period, there's a less obvious form of healthcare savings you…
What is the difference between an FSA and an HSA?
December 12, 2023 – Flexible spending accounts and health savings accounts are both tax-advantaged accounts that allow people to save money to pay for…
Under the ACA, can I still have an individual HDHP and an HSA?
September 8, 2023 – HSA-qualified high deductible plans fit easily within the guidelines established by the ACA. And they have remained a very popular choice…
How does a health savings account (HSA) work?
July 20, 2023 – A health savings account is a tax-advantaged savings account combined with a high-deductible health insurance policy to provide an…
Can I use my HSA to pay for COVID-19 testing and treatment?
June 26, 2023 – You can use your HSA to pay for COVID testing and treatment costs that you pay out-of-pocket. Your HDHP will cover testing and vaccination…
Can I use my HSA to purchase over-the-counter medications?
July 21, 2022 – The Coronavirus Aid, Relief, and Economic Security (CARES) Act changed ACA regulations, allowing consumers to purchase of over-the-counter…
If one family member needs care, do they have to meet the family deductible?
May 12, 2022 – Ever since 2016, no. And even before that, the answer was usually no. Prior to 2016, family plans could have aggregate deductibles and…