With the year 2018 gradually getting closer, the IRS decided to set new limits for next year’s health savings accounts (HSAs). Although they may not be drastic changes, some of these new limits may still influence your finances. See what changes will be made in our new infographic:
With the open enrollment deadline quickly approaching, we thought you’d appreciate a breakdown on the pros and cons of a health savings account (HSA) and a flexible spending account (FSA). These accounts can be provided by your employer, so you have money to spend on your medical expenses. Although they may have similarities, you want to choose the account that’ll save you the most on your healthcare costs.
So let’s start off by breaking down the HSA and FSA, to better understand them. That way, you’ll be able to comprehend the differences between them to help you choose the right fund for you. Continue reading