Ryan Kennelly
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Can my HSA be Used for Dependents Not Covered by my Health Insurance Plan?
Yes. Qualified medical expenses include unreimbursed medical expenses of the accountholder, his or her spouse, or dependents.
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With a Flexible Savings Account, I Can Access 100% of my Annual Contribution on Day 1. Is That the Same as an HSA?
A medical or health savings account is different than a flexible savings account, you can only access the money in an HSA when it is available in your account. For example, if you had $50/month con...
I Don't Have a Job. Can I Still Open an HSA?
Yes, if you have coverage under an HDHP. You do not have to have earned income from employment – in other words, the money can be from your own personal savings, income from dividends, unemployment...
Does a Health Savings Account (HSA) Work With a Qualifying Health Plan Purchased On a Public or Private Exchange?
Yes, HSAs are compatible with many health insurance plans offered on public and private exchanges or online marketplaces including healthcare.gov. When shopping for health insurance on an exchange,...
If I’m on Medicare, Can I have an HSA?
You are not eligible for an HSA after you have enrolled in Medicare. If you had an HSA before you enrolled in Medicare, you can keep it. However, you cannot continue to make contributions to an HSA...
What is the difference between a Medicare Supplement and a Medicare Advantage plan?
Medicare alone is confusing enough, and to make things even more confusing, there are plans that supplement your original Medicare plan. There are two type of plans to choose from: Medicare Advanta...
My husband has an HSA account and turning 65 this year. I am 68. We are divorcing and agreed I can have half of the account. I'm not allowed to create an HSA account because I'm eligible for Medicare (but not enrolled). Can I roll half over into an IRA?
You are allowed a one-time HSA to IRA transfer but if you use the funds for ordinary, non-medical retirement expenses after age 65, they’ll be taxed at the same rate as IRA withdrawals. If you are ...
I received a letter from Equian (formerly Trover Solutions) saying they have partnered with BCBSIL to investigate my medical claim. Should I respond to the letter?
What counties are the Wellmark Synergy Health Plans available in?
The Wellmark Synergy Health Plans are available for Iowa residents residing in Linn, Johnson, Scott, and Des Moines counties. The Synergy Health network is made up of a number of qualify, local pr...
What Happens If I Receive a Subsidy and Don't File a Tax Return?
If you do not file a federal tax return for the year in which APTC were paid on their behalf, the applicable Marketplace will discontinue you future eligibility for APTC and CSRs to help pay for th...