Health Savings Account
If you have an eligible High Deductible Health Plan (HDHP), a Health Savings Account (HSA) allows you to save money for qualified medical expenses. Your contributions are made with pre‐tax dollars, and any interest earnings are also tax‐free, providing you with a smart way to save for medical expenses. In addition, any unused funds are automatically rolled over from year to year. The amount of your annual contribution is determined by individual eligibility.
Money can be deposited in your account via payroll deduction or a deposit at your local branch. For your convenience, you can withdraw funds and make payments with the Johnson Bank HSA Visa® Debit Card.
Limited to the amount set by law
|Add Catch‐Up Contribution
Available for ages 55 or older
|Maximum Contribution Limit
With catch‐up contribution for ages 55 or older
1Limits subject to change.
For more detailed information on what is considered a qualified or non‐qualified expense, please download this informational PDF from the IRS: Medical & Dental Expenses
Article courtesy of ThinkHR
On June 22nd, 2017, Senate Republicans released their proposal to repeal and replace the Affordable Care Act (ACA). Called the Better Care Reconciliation Act of 2017 (BCRA), the Senate proposal adopts H.R. 1628, the bill narrowly
The most astute among us can find it challenging to manage our finances at times. Even when working with an advisor, making decisions about how much money you need to live on, forecasting how long your nest egg will last, and taking required minimum distributions
Recently, Johnson Financial Group hosted a series of Economic Forums throughout Wisconsin. The Forums featured Johnson Financial Group's Chief Investment Officer, Brian Andrew, who discussed how the proposed fiscal policies regarding government spending,
The economic and political systems of South Korea are roiling with accusations of corruption and influence-peddling encompassing every major industry, rising all the way to the office of the president. These accusations are the latest public outcry against
Part two of a two‐part series
Part one of this two‐part series identified in‐person threats and provided you with steps to securing your business. Part two of this series covers remote threats to your business and outlines five simple steps to help