In reviewing the 1018-page House Bill on health reform there appear to be a few issues that could negatively impact health savings accounts. There is a limit on the out-of-pocket costs that could effectively narrow the plan design for HSAs. The limits set in the bill set a max-out-of pockets (single/family) of $5,000 and $10,000. There [...]
The IRS issued guidance on the transfer of funds from an IRA to HSA. This notice provides guidance on a qualified HSA funding distribution from an individual’s Individual Retirement Account (IRA) or Roth IRA to a Health Savings Account (HSA). The qualified HSA funding distribution is a one-time transfer from an individual’s IRA to [...]
Individuals and Health Savings Accounts
The benefits of investing in a Health Savings Account have become apparent over time. More and more people are moving towards HSA plans for the advantages they offer account holders:
Tax Deductible Contributions
May be eligible to claim contributions on Federal Tax Returns (even if you don’t itemize)
Interest and Other Earnings on Health [...]
The following is from Kiplinger’s Personal Finance magazine (Nov. 2007):
BEST HEALTH SAVINGS ACCOUNT FOR INVESTORS
Health Savings Administrators
HSA Resources Bank
With an account from Health Savings Administrators, you can build a portfolio with 21 low-cost Vanguard mutual funds. And you can invest immediately, instead of waiting to accumulate a large balance.
