Latest Flexible spending accounts News

West Virginia city approves $750 for vaccinated workers

Sep. 09, 2021 04:08 AM EDT

CHARLESTON, W.Va. (AP) — Officials in West Virginia's largest city has approved giving $750 to all city workers in Charleston who are fully vaccinated against the coronavirus. The City Council approved the move Tuesday night, giving a $250 boost to Mayor Amy Shuler...

4 ways to manage retirement health care costs

Sep. 08, 2021 07:36 AM EDT

Health care in retirement is a big-ticket item. Experts estimate that an average 65-year-old retired couple in 2021 would need about $300,000 in after-tax savings earmarked for health care costs in their post-work life, even with Medicare, according to Fidelity. The...

West Virginia mayor seeks $500 for vaccinated workers

Aug. 25, 2021 04:02 AM EDT

CHARLESTON, W.Va. (AP) — The mayor of West Virginia's largest city wants to give $500 to all city workers in Charleston who are fully vaccinated against the coronavirus. Mayor Amy Shuler Goodwin announced Tuesday that she sent a letter to the City Council requesting...

Liz Weston: Financial vital signs to monitor right now

Jun. 28, 2021 07:24 AM EDT

A midyear financial review is often a good idea. This year, it’s almost essential. With people going back to offices, travel resuming and Congress making significant changes to various laws affecting your finances, consider taking some time to check in on your money....

Liz Weston: How to harness your HSA’s superpowers

Jun. 21, 2021 07:08 AM EDT

If you have a high-deductible health insurance plan, a health savings account can help you pay your medical bills. But HSAs have hidden superpowers that make them a great way for some people to create a tax-free pot of money for retirement or other long-term goals. In the right circumstances,...