by Market Cheetah | Mar 31, 2021 | Communicable Diseases, Health Care Flexible Spending Accounts (Health FSAs), Health Reimbursement Accounts (HRAs), Health Savings Accounts (HSAs), Human Resources
The IRS announced that purchases of face masks, sanitizer and other products for preventing the spread of coronavirus can be paid or reimbursed under health flexible spending arrangements (FSAs), health savings accounts (HSAs) or health reimbursement arrangements (HRAs). Plan documents can be amended retroactive to Jan. 1, 2020.
by Market Cheetah | Feb 11, 2021 | Defined Contribution Plans, Health Savings Accounts (HSAs), Human Resources, Retirement and Financial Planning
More than half of first-time health savings account (HSA) contributors reduce their 401(k) account savings rate, new research shows. This needn’t put their retirement security at risk if some of their HSA dollars are used for long-term savings.