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An Introduction to HSAs

WEBA health savings account (HSA) is a tax-advantaged savings account that you can use for medical expenses. It is paired with a qualifying health insurance plan; …

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URL: https://learn.hellofurther.com/Individuals/Browse_by_Account/Health_Savings_Account_(HSA)/An_Introduction_to_HSAs

HSAs and Filing Your Taxes

WEBYou must pay income taxes plus an additional tax of 20 percent on any HSA amount used for non-eligible medical expenses, unless you’re disabled, age 65 or older …

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Tips for Managing your HSA Spending

WEBTrack your account activity so you know how far your HSA will take you before you start paying expenses out of pocket.Use your HSA to reach health plan …

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Choosing an HSA Plan

WEBChoosing a health savings account (HSA) is an important step in managing your current and future health care expenses. This unique, tax-advantaged account …

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Individuals/Employees

WEBLinking Your Account to a Personal Bank Account. Using Your Online Tools. Getting Reimbursed. Using Your Debit Card. Eligible Expenses. This section contains …

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Your HSA Features and Options

WEBAutomated Claim Payment, or Crossover, is a system that allows your health plan to electronically submit your claims to Further for reimbursement. This …

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6 Smart Ways to Maximize Your HSA: Contribution Strategies

WEB1) Contribute the maximum amount. 2) Contribute up to the out-of-pocket maximum for your health plan. 3) Contribute up to your health plan deductible. 4) Match …

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Healthcare Decision Support Tools

WEBThis tool is designed to help you compare a High Deductible Health Plan (HDHP) with a Health Savings Account (HSA) to a traditional health plan. By using an …

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How Much Should I Contribute to my HSA

WEBBenefit to you. Contribute the maximum amount. In 2024, the IRS allows individuals to contribute $4,150 to an HSA, and $8,300 for families. If you are over age …

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Investment Options for your HSA

WEBBut it’s possible to grow your money even more by investing your HSA funds in either a Basic Investment Account or a Schwab Health Savings Brokerage Account. These …

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Eligible Expenses

WEBCertain health insurance premiums are eligible to be paid out of an HSA. Qualified premiums include: COBRA health insurance, insurance premiums after you …

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Job Changes and Your HSA

WEBFurther sends you a letter that explains the change and the Further HSA plan options available to you, and you choose the plan and options you want. Further …

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Fact Sheet: Health Reimbursement Arrangements (HRAs)

WEBA health reimbursement arrangement (HRA) is an employer-sponsored account to reimburse a portion of a participant’s eligible out-of-pocket medical expenses, …

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Opening and Managing an Investment Account

WEBWith this account you are eligible to put your funds into investments available on the Charles Schwab platform. Eligible investments include stocks, bonds, …

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Using Your Debit Card

WEBBelow is an example of how you can use your debit card to pay for a clinic visit. Scenario: You cut your hand doing yard work and go to the doctor, who examines …

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Tips for Managing your FSA

WEBAvoid surprises when receiving care or filling prescriptions. Track your account activity so you know how far your FSA will take you before you start paying …

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Using Your Online Tools

WEBAbout Further. Further administers spending accounts like health savings accounts (HSAs), flexible spending accounts (FSAs), and more. But beyond simply …

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Limited Purpose Flexible Spending Account (FSA)

WEBThis account is most beneficial if: You are able to fully fund your HSA up the maximum annual contribution limit. If you cannot fund your HSA in full, an FSA may not …

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