Finance Rules: EBW Financial News Radio


How tax-smart are you about your health care expenses?

March 2016 — With tax season upon us, here’s a question to ask yourself. How tax-smart are you about your healthcare expenses?

According to Egan, Berger & Weiner LLC Financial Adviser Wade Brittingham, Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) may be two great ways to lower your tax bill with Uncle Sam each year — plus save money on out-of-pocket healthcare expenses.

On today’s episode of EBW’s Financial Rules Radio Show, Wade explains:

1. What are HSAs and FSAs?

2. What are the tax benefits?

3. How can they help pay your out of pocket medical expenses such as co-pays?

4. Why aren’t these accounts used more frequently?

5.Who do you contact to open these accounts or begin contributions?

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