Healthcare Archives - Paces Ferry Wealth Advisors

Managing Healthcare Costs in Retirement: Strategies for Long-Term Health Planning

Written by Zachary Morris, CFP® on March 25, 2024.

Ready to tackle long-term care planning for your retirement? Learn some strategies to better manage healthcare costs.

Five Strategies to Help Round Out Your Retirement Planning

As retirement approaches, one of the most significant concerns for many is managing healthcare costs, especially as healthcare costs continue to rise. While this can seem like a daunting task, having an effective plan in place for these expenses can help boost your retirement strategy and make you feel more prepared. If you’re worried about your long-term care planning, below are five strategies that you may want to consider to help you manage healthcare costs.

Tips to Maximize the Advantages of Your Health Savings Account

Written by Zachary Morris, CFP® on May 29, 2023.

Discover helpful tips for maximizing your health savings account and gaining a more secure financial future.

Learn how to make the most of your Health Savings Account (HSA) and gain a more secure financial future with these helpful strategies.

FSA vs HSA: How to Make the Most out of Your Employee Benefits

Written by Jeff Diamond, AIF® on September 30, 2020.

A comparison of the two biggest tax-advantaged savings accounts offered by employers

If there was a pop quiz and you were asked to explain the difference between a flexible spending account (FSA) and a health savings account (HSA), would you pass the quiz?

Chances are, you’d probably struggle with the answer. Though they share similar names and some other key similarities, such as both being tax-advantaged options available through work benefits, there are some major differences between the two accounts.

Like any decision, it’s best to make your choice from an informed position. To do so, here are the main takeaways you should know when it comes to the differences between an HSA and an FSA account.