Medical costs continue to spiral higher. Our firm works with clients on both sides of the employer/employee perspective. We see both frustrated by the high cost of medical benefits.

A Health Savings Account (HSA) is a rare type of account where you can get a tax deduction when you put the money in and then pay no tax when you take the money out for qualified medical expenses.

One of every 10 patients in the United States consumes 60% of the health-care costs. The other nine would benefit from an HSA.

Although we do not directly manage any Health Savings Accounts, we do provide consulting for clients who own them. We have a very robust understanding of how they work and can help our clients:

  • find a low-fee custodian
  • design an asset allocation from available funds
  • develop a contribution plan
  • advice on the switch to Medicare

When Partial-Year HSA Contribution Limits Don’t Apply

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Under the “last-month rule,” you can contribute the full amount even after a partial year assuming you meet the “testing period.”

When Should You Stop Funding Your HSA?

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You’ve opened your HSA and funded it for several years. When should you stop funding it?

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