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The new calculation reduces by $50 the amount a family can put into these HSA accounts this year. Anyone who has already funded the account at a higher level will need to adjust, or risk IRS scrutiny.
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Even many people eligible for a health savings account who have extra cash to contribute to one don't do it. Therapists say that's partly because nobody wants to admit they will get old or sick.
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Republicans hope to expand the use of health savings accounts to encourage consumers to be more judicious in using their coverage. How do the accounts work?
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As more people are covered by high-deductible health plans, some insurers and employers are easing the cost to consumers. They are covering certain…
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In order to get the tax advantages of a health savings account, the health plan it's linked to has to meet several certain criteria. Consumers with a health savings account may also be on the hook for the entire cost of medical care, except preventive care.