2004, 401(k) and Taxes - Comp and Benefits Today

How HSAs can transform retirement planning and your common questions

WEX Inc.

JULY 24, 2023

HSAs have comparable — or better — perks than a 401(k) or IRA with respect to healthcare costs, including: HSA contributions reduce taxable income. HSA contributions made through payroll are not subject to the 7.65% FICA tax. Withdrawals for HSA eligible medical expenses are tax-free. Yes,” Cook said.

Retirement Plan

Retirement Plan 401(k) Health Savings Account Taxes

Help Employees Understand the HSA Value Proposition

Corporate Synergies

AUGUST 6, 2018

Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free. 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)

401(k) Health Savings Account Retirement Plan Deductions

Comp and Benefits Today

How HSAs can transform retirement planning and your common questions

Help Employees Understand the HSA Value Proposition

Webinars

Stay Connected