offers major tax advantages along the way, explains financial planner Carrie Schwab-Pomerantz in a Business Insider article.
You need to be enrolled in a high-deductible health plan to contribute to an HSA, but they never expire. You can use the funds for qualified health costs at any time and continue to grow the money, even if you don't enroll in a high-deductible plan later. In 2020, you can contribute up to $3,550 as an individual or $7,100 for family, plus a $1,000 catch-up contribution if you're over 55.
"Time is, of course, a key factor in taking full advantage of the investment growth potential of an HSA," Schwab-Pomerantz wrote. "So depending on your age, your HSA could be aor maybe even a retirement account just for healthcare when you reach those golden — yet often costly — years." She continued: "To me, the benefits of HSAs generally far outweigh the negatives but, as always, do your homework."
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
The inside story of what went wrong at robotics startup Zume Pizza - Business InsiderAlex Garden founded Zume Pizza with a bold vision of harnessing a robot army and upending an industry. But the revolution didn't go according to plans. How a (probably) good articles stays unread, unengaged, uncommented, and unshared, behind a PayWall. SorryNotSorry IfISubscribeWillTheArticleBeAdFree? NoThanks
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
How biotechs can prove to insurers they should cover new drugs - Business InsiderBiotech executives at the BIO CEO conference in New York told Business Insider what companies need to do to successfully launch new treatments.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
Cashless stores once looked like the future of shopping - Business Insider'Retailers want to meet the customer where they're at for a payment option,' Federal Reserve cash product expert Alex Bau told Business Insider. It will never BE!!!
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
Wuhan coronavirus: London patient took Uber to hospital against advice - Business InsiderThe coronavirus patient in London showed up at the hospital in an Uber, and health officials say it's a sign people aren't following advice to contain the virus How else were they going to get there? The tube? On foot? Any way they managed it - they can’t avoid people. If they avoided the tube then they did well
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
Yelp's new ad products will benefit from 5G - Business Insider - Business InsiderAs carriers launch commercial 5G networks, Yelp is positioning itself to take advantage by providing ad products that leverage mobile location data
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »
Physician adoption of digital health tools spikes - Business Insider - Business InsiderAn American Medical Association study showed that physicians' use of digital health solutions increased in every category over the past three years.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »