Archive for November 11th, 2009

When the gov’t runs out of money, make sure you have a funded HSA

Wednesday, November 11th, 2009

When Medicare was first enacted in 1965, men had an average life expectancy of almost 70 years. So the average guy received Medicare benefits for 5 years.

Now the average male lives to be about 75, and the average guy receives benefits for twice as long.

In January of last year, the first babyboomers started retiring. This massive wave of retirees will start receiving Medicare benefits, and be spending so much that Medicare trustees predict funds will run out in 2019. (more…)

December 1st Deadline to Save you Money

Wednesday, November 11th, 2009

Learn how your HSA-qualified plan must be effective no later than December 1st in order to qualify for a 2009 tax deductible HSA contribution (which could reduce your April 15th taxes by $1900 or more!).