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HSA

HSA piggy bank

The HSA Payroll Tax Deduction, Bad Idea?

If an employer provides an HSA and the employee contributes to the HSA through payroll deduction, then in addition to HSA contributions being tax deductible for federal income tax purposes (and most state income tax purposes), the contributions are also deductible from payroll taxes, Social Security and Medicare. Currently Social …

HSA piggy bank

Why Investing in an HSA Makes Sense

In order to have an HSA you must have a high deductible health care plan. High deductible health care plans (HDHP) represent what insurance is supposed to be. Insurance of any form exists to limit financial exposure if unlikely, but severe outcomes occur. The more unlikely the event, the lower …