Category: Health Savings Accounts

EXCLUSIVE: GOP Bill to Expand Tax-Free Health Savings Accounts to All Americans

March 23, 2023
congressHealth Savings Accountshealthcare freedom actPolicies & ImpactsPoliticsRep. Chip RoyRepublicansUS
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Rep. Chip Roy (R-Texas) has introduced a bill that would make tax-free Health Savings Accounts (HSAs) available to all Americans. Currently, most Americans cannot use HSAs due to the stringent rules that govern their use: only those who pay an abnormally high insurance deductible can take advantage of the pre-tax program. In practice, this means…

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Managing Health Care Costs When Self-Employed

May 30, 2022
ACABrightbudgetingFuture Planninghealth care costsHealth Savings Accountsobamacarepersonal financeSelf Employed
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Health care spending is a major expense for many households. However, when you work for “the man,” your health care costs are often subsidized by your employer. The situation is different when you’re a business owner or self-employed. Managing health care costs when self-employed takes a little more planning. Are You Eligible for a Subsidy…

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Everything You Need to Know About Health Savings Accounts

May 29, 2022
BrightbudgetingFuture PlanningHealth Savings Accountspersonal financeretirementTax benefits
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Everyone is always looking for that next money hack, most of the time it is right under their nose.  Health Savings Accounts (HSA) are rarely mentioned and widely underused. The lack of attention it gets leads many to leaving tons of money on the table, especially when measured over a lifetime. The Millennial generation should…

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