HSAs

No matter how bleak things may look right now, you can still help your employees plot a path back to being financially well. Here are four steps to help restore your employees’ financial confidence.

Learn what these pre-tax accounts can buy to help deal with the pandemic.

The majority of U.S. workers do not have enough savings to help them in the event of a medical emergency and often turn to their retirement funds for help.

HSA spending is more flexible than ever; learn how employees can make the most of them amid coronavirus.

One possible solution is for employers to add a new temporary dependent care benefit, whereby employers can cover dependent care expenses with an expanded set of expense coverage.

For starters, they can use the windfall to pay off debt, shore up their HSAs and build a cash reserve.

Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.

Aside from income taxes, retirees will also pay consumer taxes and may face a 3.8% Medicare surtax.

The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.

Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.