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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.

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How to Choose a Health Care Plan

Insperity

Employees aren’t going to opt in to a medical plan that cuts far into their take-home pay. Knowing how much you’re going to pay and how much your employees are willing to pay will help you set a baseline cost. Low co-pays and prescription costs usually result in higher premiums.

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5 Common Myths About Health Savings Accounts (HSAs)

Flimp Communications

Myth #3: HSAs Are Not For Individuals or Families With High Healthcare Costs From an employees perspective, the scariest thing about an HSA is the health plan its tied to, a high-deductible health plan (HDHP). Secondly, tax-free HSA funds can be used to pay out-of-pocket healthcare costs, including doctor visits, medications, and testing.