Jump-starting a health savings account with an IRA rollover
Q: How much money can I roll over from my IRA to a health savings account? Also, are contributions from a rollover tax-deductible? A: You can make one rollover from an IRA to a health savings account in your lifetime, which can be a good way to jump-start your HSA if you don’t have new […]
How much can families contribute to an HSA?
Q: I picked a high-deductible health insurance policy for 2018 that covers my whole family. How much can I contribute to an HSA in 2018? Can my wife also contribute to an HSA, or am I the only one who can make the contribution because the HSA is through my work? A: Because your HSA-eligible […]
How to Save in Both an HSA and an FSA
Q: I signed up for a high-deductible insurance policy at my new job, but my employer offers a flexible spending account rather than a health savings account. I had an HSA with my previous employer. Can I keep my HSA if I want to contribute on my own and also contribute to the FSA? A: […]
