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HSA Limits: Maximizing Healthcare Savings

May 10, 2024

HSA account holders are now able to contribute more money to their HSA. The HSA contributions limits are adjusted for inflation each year, and HSA annual limits are released every April or May by the IRS. HSA Contribution Limits The HSA contribution limits for 2025 have been adjusted to reflect the cost of living changes. […]

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Here Is What Happens to Your HSA if You Leave Your Job

Here is what happens to your HSA if you leave your job
August 8, 2023

If you’ve been laid off or decided to leave your job, you may be wondering what will happen to your health savings account (HSA). Since you’re the owner of your HSA, it’ll follow you wherever you go. This means you’ll still have your HSA, whether employed, unemployed or switching jobs. Request a proposal What Is […]

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HSA Funds — Should You Keep or Invest?

HSA funds - should you keep or invest?
June 30, 2023

A health savings account can help you save for your healthcare expenses and offer tax benefits. If you have funds sitting in your HSA, you may wonder whether you should keep the money in your account or invest in another asset for potential savings growth. Below, we’ll cover more about keeping or investing HSA funds, including […]

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HSA Plan Tax Benefits for Employers

June 20, 2023

If you are in charge of creating the benefits packages for your employees, you don’t want to overlook a Health Savings Account (HSA). With an HSA, you can take advantage of several tax benefits that will set both you and your team up for success. These accounts essentially function as personal savings accounts. Employees can place tax-free […]

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New High-Yield Interest Option for HSA Participants Coming Soon!

Coming Soon New interest option for hsa members
April 11, 2023

Increased Earning Potential with High-Yield HSA We are excited to launch a new high-yield interest option that enables your employees to optimize the value of their Difference Card HSA! Discover Our HSAs With this new option, account holders can take advantage of higher interest rates by choosing to have their HSA cash balance held in […]

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How to Offer and Set up an HSA for Employees

How to Offer and Set up an HSA for Employees
November 22, 2022

Traditional group health insurance costs have risen steadily over the years, making high deductible health insurance plans with health savings accounts (HSA) a more attractive option for employers and their workers. Many companies are beginning to offer employer-sponsored HSAs to help employees cover healthcare costs. HSAs are a type of personal savings account individuals can […]

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Health Savings Account vs. a 401k

Health Savings Account vs 401K
July 5, 2022

Should I max out my HSA contributions? Most people don’t think about an HSA as a savings account. Instead, they think of it as an account used to set aside money, tax-free, to pay for health expenses. But the reality is an HSA is much more than a bank account, it’s a long-term savings vehicle. […]

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HSA vs. FSA: Comparing Strategies

Comparing strategies of HSAs vs FSAs
June 20, 2022

What is the difference between a Health Savings Account and a Flexible Spending Account? A health savings account (HSA) and a flexible spending account (FSA) are both great savings vehicles to make your dollars stretch further for healthcare costs. With either option, your employer can contribute pretax dollars into your account, and you can use […]

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What are the 2023 Limits for HSAs and High-Deductible Health Plans?

2023 Limits for HSAs and High-Deductible Health Plans
May 3, 2022

IRS Announces increase for Health Savings Account Contribution Limits On April 29, the IRS released the HSA contribution limits for the 2023 calendar year, along with the minimum and maximum out-of-pocket expenses for High Deductible Health Plans (HDHPs). HSAs must be paired with a qualified HDHP. Discover Our HSAs The annual inflation-adjusted limit on HSA […]

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How Can You Contribute to an HSA?

How can you contribute to an HSA
April 6, 2022

Many Americans are creating Health Savings Accounts (HSAs) to save money for healthcare costs. Your employer may offer a Qualified High Deductible Health Plan (QHDHP) in your benefits package. You may also have the option to utilize an HSA as a self-employed freelancer. You can use the funds from this savings account to fill in […]

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