Remove Healthcare Remove Out of Pocket Cost Remove Take Home Pay
article thumbnail

Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

Even with health insurance, labor and delivery can cost around $5,000, and without insurance, it can be upwards of $40,000. Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). Since we had contributed pre-tax to our HSA before birth our take home pay was lower.

Taxes 72
article thumbnail

5 Common Myths About Health Savings Accounts (HSAs)

Flimp Communications

You grasp how enrolling in an HSA coupled with a high-deductible health plan (HDHP) can be an affordable and effective healthcare strategy for employees of all ages and health situations. Furthermore, you know that increased HSA/HDHP enrollment can lower company-wide healthcare spending. Only HDHP members qualify for HSAs.