HSAs: The medical IRA

first_imgWhen I travel around the country and speak with organizations about health savings accounts (HSAs), there is a fairly clear divide between those that see the longer-term value and those that see HSAs simply as a spending account with little value to consumers and no opportunity to cross-sell. It is the latter viewpoint that requires a respectful challenge.Let’s start with some basic assumptions.Not everyone is eligible for an HSA. When someone critiques an HSA, one of the first arguments is that it does not work for everyone. It is true that those who are receiving medical assistance or other forms of subsidized care will not likely benefit from an HSA, as they do not have money to set aside for medical expenses. But if someone is HSA-eligible and pays any level of federal income tax, that person is a strong candidate to benefit from using an HSA as a long-term savings tool.Individuals automatically get an HSA when their employer offers a qualifying high deductible health plan (HDHP). Unfortunately, recent surveys show that is not true. The surveys reflect that roughly 50 percent of employers (most of which have 200 or more employees) offer a paired HSA with the HDHP. Further, the data reflects that for those employers that do offer the HSA through payroll deduction, only half of the employees take advantage of it. This means that for employees who purchase an HDHP through their employer, only one out of four actually contribute. That leaves 75 percent of employees in this category plus those who purchase individual plans on the exchanges to understand HSA benefits on their own—and then find a financial organization that offers HSAs. continue reading » 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Boruc targets Champions League

first_img The Poland international’s deal was due to expire in the summer but he has ended mounting speculation over his future by penning a two-year extension. “I am very happy and to be honest I am quite proud that I am part of the great ambitions of this club,” Boruc said. “I don’t think [Champions League is too big an ask]. We’re playing Swansea this weekend and they show playing totally different football that you can achieve a lot.” Artur Boruc is targeting Champions League football after becoming the latest Southampton player to pen a new deal. Press Associationcenter_img He added: “I think we are heading to this with our new manager. We are showing a lot of good work and I think the results we are getting are very good as well so, yeah, why not? “You need to ambitious in your life to achieve your ambitions. You never know what is going to happen – it is a funny story with football. Everybody has great ambitions and you need to work hard to be in that position. I do believe that we can achieve it.” Saints look all but certain to be plying their trade in the Premier League again next season and have spoken of their big ambitions for the future – something Boruc is confident they can achieve. Few could have predicted the clamour for Boruc to stay after what was a difficult start to life on the south coast. In only his second game for the club, the former Celtic goalkeeper was subject of an internal investigation into allegations he swore at home fans and threw a water bottle at them. Boruc was dropped from the side after that match with Tottenham and only returned to the starting line-up on New Year’s Day, although has since established himself as number one. “It was a bit of a roller coaster,” Boruc said. “I am glad it ended this way. That was the past and I will do everything to make the club better.” last_img read more

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Media Watch: Lifeline for Dave Taylor, Knights recruits unleashed

first_imgHaving been axed by the Toronto Wolfpack last week for breaking curfew, the man dubbed ‘Coal Train’ will be hard pressed finding an NRL contract.But the Ipswich Jets are prepared to take a gamble on the former Queensland Origin forward who’s played 181 NRL games with four clubs.Jets coach Shane Walker told NRL.com Taylor would be welcome at the Queensland Cup club.Walker runs a recruitment company and says he would find Taylor a job and even help him to buy a house to get his life back on track.“You can be at an NRL club on a minimum wage, or play at the Jets and have a job and earn equally as much without the demands,” Walker said.“Some of those sort of things we could help provide for Dave if that’s what he wants. We’d certainly be prepared to have a yarn to him.”Walker has spoken previously about Taylor and the possibility of him becoming a star five-eighth for the Jets.last_img read more

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