Ryan Kennelly
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Where is the Wellmark Value Health Plan available? (No Longer Current)
This article is no longer current. This 2016 Wellmark plan map is out of date.For up-to-date information, see 2027 ACA Carrier List by State.Get a Free QuoteQuestions? Submit a ticket or call us at...
What are the 2026 Federal Poverty Levels? (Used for 2027 Marketplace Coverage)
The federal poverty guidelines (also called the federal poverty level, or FPL) are published each year by the U.S. Department of Health and Human Services. Many programs use them to decide who qual...
How does the ACA Affect Non-Medical HSA Withdrawals?
Non-medical withdrawals from your health savings account are taxable income and subject to an additional 20% tax penalty. The bottom line: only withdraw your HSA funds for non qualified expenses if...
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.
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 ...