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Category: Reimbursement Accounts

Get tips on how to strategically use Flexible Spending Accounts, Health Savings Accounts, Health Reimbursement Arrangements and more.

Common Questions about Heath Savings Accounts (HSAs)

Considering setting up an HSA or have questions regarding your existing account? Keep reading to get answers to common HSA questions.

How to Invest Your HSA Contributions

Your Health Savings Account (HSA) helps you save money for healthcare expenses, but did you know it can also serve as a powerful investment tool?

How much do you actually save with reimbursement accounts?

You’ve likely heard that reimbursement accounts can help you save on tax, but it may not be clear how that impacts your finances.

You have extra money in your Flexible Spending Account. Now what?

If you’ve experienced a decrease in FSA expenses as a result of the COVID-19 pandemic, you may be wondering what will happen to your funds.

How HSAs Offer Financial Benefits to Millennials

For millennials, a great way to offset medical costs and contribute to your overall wealth is with a Health Savings Account (HSA).

Why is Substantiation Required for Certain Debit Card Expenses?

The Internal Revenue Code (IRC) allows participants to reduce their taxable income by participating in a Healthcare Flexible Spending Account (HCFSA).

What to Do with Your HCFSA When Your Job Changes

When your employment ends, whether it was voluntary or not, access to your HCFSA also ends unless you’re eligible to continue coverage through COBRA.

Should you invest your HSA?

Learn more about the pros and cons of investing your HSA, and why this may be a beneficial strategy to consider for your overall financial wellness.

Top 5 Reimbursement Claim Denial Reasons

Often, simple oversights or misunderstandings can result in claim denials for your Flexible Spending Account.

What can employers do with unused FSA funds?

HCFSAs can be a great way to help employees pay for covered medical expenses. But what happens if they don’t use all their funds by the plan year end?

FSA Mistakes to Avoid: Spouse & Dependent Rules

There are specific rules for annual contribution limits and the use of Healthcare FSAs or Dependent Care Accounts funds (DCAs).

End of Year Tips for Reimbursement Accounts

The end of a calendar year can be a busy season. As you prepare for the new year, check out these tips for managing your reimbursement account.

American Fidelity Assurance Company
americanfidelity.com

https://americanfidelity.com/blog/reimburse/