More than 160,000 pounds of ground beef are being recalled after 15 people became ill with E. coli food poisoning.

One way to manage those costs proactively is by saving to a health savings account or HSA. Build an ample HSA balance and it can keep you financially afloat in those troubled times. Let's explore ...

That’s not ideal, of course, because she’s better off letting the money grow. But a tax-free HSA withdrawal beats other forms of emergency funding, such as credit cards, HELOCs, or 401(k) loans. The ...

She notes that this is especially true for younger people, as taking advantage of an HSA can be a good way to form good savings habits. Something to keep in mind, McClanahan says, is that high ...

A health savings account (HSA) allows consumers with a high deductible health plan to put away money for qualified medical expenses, from hearing aids to diagnostics to surgery. And because they ...

A health savings account can make medical care a lot more affordable. HSAs have what’s often referred to as a triple-tax advantage: You save pre-tax money. Your money grows tax-free. Your ...

AzmanL / Getty Images Did you know you can make a one-time, penalty- and tax-free money rollover from your individual retirement account (IRA) to a health savings account (HSA)? The process is ...

Some tax forms have worksheets to reconcile differences. For example, you may receive 1099-SA reporting HSA distributions but if you made withdrawals for qualified medical expenses they're not ...

Savings can be taken out of the account tax-free after age 65. If used before 65, for nonmedical expenses, it is subject to a 20% penalty and must be declared on income tax form. *If you are 55 or ...

HSA Bank’s New HSA Invest Program During my ... At tax time you’ll need to file IRS Form 8889 documenting your contributions, your employer’s contributions, any distributions taken, and ...

Choosing health insurance during open enrollment may seem complicated, but it’s easy once you break it down into steps.

The maximum yearly HSA contribution in 2024 is $4,150 for an individual medical plan and $8,300 for someone with a family ...