HSAs

Employers tried new strategies to tame benefit expenses, such as self-funding and association health plans.

The expansion aims to make it easier for workers to spend HSA and FSA dollars, and name their prices on services like MRIs.

Retirement readiness would vastly improve by requiring auto features, increasing HSA contribution limits, and outlawing participant loans, among other recommendations, says adviser Robert Lawton.

The tax plan would make itemized deductions less valuable so some retirees would lose a deduction that covers payments for nursing homes, assisted living or inpatient hospital care.

Under the rules, seniors face a tax liability for HSA contributions if they carry health coverage other than the high-deductible policy.

In response to Alexander-Murray compromise, administration reportedly looking to expand HSAs and association insurance programs.

In response to Alexander-Murray compromise, administration reportedly looking to expand HSAs and association insurance programs.

If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.

If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.

Instead of offsetting current healthcare costs, HSA providers are seeing workers prepare for their post-work medical expenses.