Remove 2004 Remove 401(k) Remove Health Insurance
article thumbnail

How HSAs can transform retirement planning and your common questions

WEX Inc.

HSAs have comparable — or better — perks than a 401(k) or IRA with respect to healthcare costs, including: HSA contributions reduce taxable income. 8 HSA retirement questions with Jason Cook, director of healthcare emerging market sales, WEX How do FICA taxes work for an HSA or 401(k)? “A Yes,” Cook said.

article thumbnail

Help Employees Understand the HSA Value Proposition

Corporate Synergies

But there’s a great chance that if you offer a high deductible health plan with an HSA, your employees aren’t crystal clear on the benefits of the health savings account. Treat the HSA More Like a 401(k) than an FSA. HSAs were introduced in 2004, but have seen steep growth—from 3.2

401(k) 40