Frequently-asked questions by tag
Can I buy health insurance through the exchange that’s compatible with an HSA?
August 29, 2022 – When choosing a health plan during open enrollment or a special enrollment period, there's a less obvious form of healthcare savings you…
Can I use my HSA to pay for COVID-19 testing and treatment?
July 22, 2022 – You can use your HSA to pay for COVID testing and treatment costs that you pay out-of-pocket. Your HDHP will cover testing and vaccination…
Can I use my HSA to purchase over-the-counter medications?
July 21, 2022 – The Coronavirus Aid, Relief, and Economic Security (CARES) Act changed ACA regulations, allowing consumers to purchase of over-the-counter…
How does a health savings account (HSA) work?
July 19, 2022 – A health savings account is a tax-advantaged savings account combined with a high-deductible health insurance policy to provide an…
What is the difference between a Medical FSA and an HSA?
June 1, 2022 – Q. What is the difference between a Medical FSA and an HSA? A. Both FSAs and HSAs are tax-advantaged accounts that allow people to save…
If one family member needs care, do they have to meet the family deductible?
May 12, 2022 – Q. When I compare plans in the exchange for our family, they all show total family deductibles. Does that mean we'd have to meet that full…
Under the ACA, can I still have an individual HDHP and an HSA?
May 17, 2021 – Q. Can I still have an HSA and HDHP under the ACA's regulations? A. Yes. HSA-qualified high deductible plans fit easily within the…