Latest news with #HSA
Irish Examiner
16 hours ago
- Irish Examiner
Think farm safety this summer, minister warns
In the lead-up to the June bank holiday weekend, farm safety minister Michael Healy-Rae has asked farmers and everyone visiting the countryside to take extra care this summer. Mr Healy-Rae said: 'The weeks ahead will be a busy time on farms up and down the country. Children are beginning their holidays, and many of us will be out and about enjoying the countryside. It is important that we are safety conscious over the summer. 'Machinery operators driving on public roads need to be conscious of other road users, as many may not be aware of the risks posed by farm machinery, particularly on narrow, winding roads. "The Irish countryside is a wonderful amenity which we should all take advantage of, and I am calling on all road users to be patient and to be aware of farming activities at this time of year," he said. Farmers should use warning signs and cones where entrances have poor visibility, and any debris or soil brought onto a public road by machinery should be removed without delay. Mr Healy-Rae also advised the public to avoid fields with livestock and to keep dogs on leads. 'By working together to keep everyone safe, our memories of summer can be ones we will look back on fondly," he added. Read More HSA issues warning amid 'concerning rise' in workplace fatalities
Yahoo
a day ago
- Business
- Yahoo
The 4 big changes to Medicare in Trump's ‘Big Beautiful Bill'
There's still a long road ahead before President Donald Trump gets to run his signature across the domestic policy megabill that makes sweeping changes to tax law, immigration law, and the social safety net. A vote by the U.S. Senate, which already is eyeing changes, and probably another U.S. House vote await. But as it stands right now, the bill contains some big changes to Medicare, the program that benefits 68.5 million people nationwide. That's because its huge pricetag will trigger some automatic cuts to the third-rail entitlement program. Without congressional intervention, Medicare payments would be reduced by 4%, resulting in a $500 billion cut over eight years, starting in 2026, Kiplinger's reported. It also would make another big change. Read more about that one below. But first, here are some of the other tweaks in the bill, according to Kiplinger's. First up: The bill would allow contributions to health savings accounts (HSAs) after someone enrolls in Medicare Part A and who are still employed. Right now, people who qualify for Medicare Part A are banned from contributing to HSAs, even if they're still enrolled in a private high-deductible health plan, according to Kiplinger's. If Trump signs the change into law, working seniors who are eligible for Medicare Part A, and who are enrolled in a high-deductible plan, could still contribute to an HSA. Existing contribution rules and penalties for non-qualified expenses that apply to those aged 65 and younger also will apply to this group, according to Kiplinger's. The bill also would boost contribution limits for some people. Read More: The 7 ways Republicans are split over Trump's 'Big Beautiful Bill' And because HSA accounts can be used to reimburse you for Medicare premiums and co-pays, 'the opportunity to save more could help cover more of your medical expenses in retirement,' according to Kiplinger's. The bill also would allow more hospitals to register as an 'rural emergency hospital,' which can be a lifeline to keeping health care facilities open in underserved areas, according to Kiplinger's. The bill also allocates $25 million for the U.S. Department of ecretary of Health and Human Services to hire AI contractors and data scientists to investigate and recover improper Medicare payments, the website reported. It would also require the agency to provide Congress with progress reports on those efforts. Finally: The bill also would explicitly eliminate Medicare eligibility for illegal immigrants and only allow it for Lawful Permanent Residents, some Cuban immigrants, and people who live in the United States through a Compact of Free Association, the website reported. The Compacts of Free Association are agreements between the U.S. and three Pacific Island nations: Micronesia, the Marshall Islands and Palau. Read the Trump admin letter cutting all federal contracts with Harvard Beyond students: Trump attacks on Harvard could affect thousands of workers Mayor Wu slams rival Josh Kraft over big bucks infusion: 'Boston is not for sale' The 7 ways Republicans are split over Trump's 'Big Beautiful Bill' 'We are getting cut off at the knees': Trump's cuts hit US archaeologists Read the original article on MassLive.
Yahoo
a day ago
- Business
- Yahoo
What Trump's tax bill means for your HSA
US President Trump's tax package includes changes to health savings account (HSA) rules. Yahoo Finance Senior Columnist Kerry Hannon joins Wealth to break down these changes. To watch more expert insights and analysis on the latest market action, check out more Wealth here.
Yahoo
2 days ago
- Business
- Yahoo
Dave Ramsey's Top 6 Tips for Getting Richer
How do you get rich? Getting richer can seem unattainable, especially for the middle class. However, building and maintaining wealth requires the same strategies, regardless of your financial class. Dave Ramsey's shared his top six tips for getting richer in one of his blogs and below we will explore his wealth-building tips. Explore Next: Try This: There are only two ways to generate more investable money: increase your income or lower your expenses. Increasing your income is one of Dave Ramsey's top tips for getting richer. Working to increase your income creates extra money to allocate toward building wealth. There are different ways you can increase your income, such as asking for a raise or starting a side hustle. Read Next: The other way to create more free cash flow is to lower your expenses. Ramsey suggests cutting extras completely out of your budget and only focusing on essentials. This means meal planning to save on groceries, eliminating unused streaming services and turning lights off to save on utilities. Another tip for getting richer is to eliminate debt. Ramsey believes that spending this month's income to pay for debt (aka: the past) doesn't let you take full advantage of wealth-building strategies. By eliminating your debt, you can reclaim your paycheck and use today's money to get richer. Emergencies are unavoidable. However, by having an emergency fund, you won't face a financial disaster or derail your wealth-building plans. According to Ramsey, your emergency fund should contain enough money to cover three to six months of living expenses. If an unexpected expense arises, you can tap into this fund and avoid taking on more debt. Once your emergency fund is fully funded, you can start working on other goals, such as paying down debt or investing. Ramsey suggested investing 15% of your gross household income as a great way to get rich. Consider using multiple accounts to meet this percentage, including an employer's 401(k), a Roth IRA, an HSA and a brokerage account. However, you don't have to complicate this. If you like the investment options in your employer's 401(k), up your contributions to 15% and be done. Social media is filled with influencers and financial 'gurus' who are trying to sell you on different products or services. Getting richer requires you to avoid these trendy scams. For example, an influencer might sell a guide on how to get rich. This isn't a necessary purchase. All the information you need to build wealth can be found online for free. Don't try to get rich quickly. Instead, focus on tried and trusted strategies, like consistent contributions to the stock market. More From GOBankingRates 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years How Much Money Is Needed To Be Considered Middle Class in Every State? This article originally appeared on Dave Ramsey's Top 6 Tips for Getting Richer
Yahoo
2 days ago
- Business
- Yahoo
Dave Ramsey's Top 6 Tips for Getting Richer
How do you get rich? Getting richer can seem unattainable, especially for the middle class. However, building and maintaining wealth requires the same strategies, regardless of your financial class. Dave Ramsey's shared his top six tips for getting richer in one of his blogs and below we will explore his wealth-building tips. Explore Next: Try This: There are only two ways to generate more investable money: increase your income or lower your expenses. Increasing your income is one of Dave Ramsey's top tips for getting richer. Working to increase your income creates extra money to allocate toward building wealth. There are different ways you can increase your income, such as asking for a raise or starting a side hustle. Read Next: The other way to create more free cash flow is to lower your expenses. Ramsey suggests cutting extras completely out of your budget and only focusing on essentials. This means meal planning to save on groceries, eliminating unused streaming services and turning lights off to save on utilities. Another tip for getting richer is to eliminate debt. Ramsey believes that spending this month's income to pay for debt (aka: the past) doesn't let you take full advantage of wealth-building strategies. By eliminating your debt, you can reclaim your paycheck and use today's money to get richer. Emergencies are unavoidable. However, by having an emergency fund, you won't face a financial disaster or derail your wealth-building plans. According to Ramsey, your emergency fund should contain enough money to cover three to six months of living expenses. If an unexpected expense arises, you can tap into this fund and avoid taking on more debt. Once your emergency fund is fully funded, you can start working on other goals, such as paying down debt or investing. Ramsey suggested investing 15% of your gross household income as a great way to get rich. Consider using multiple accounts to meet this percentage, including an employer's 401(k), a Roth IRA, an HSA and a brokerage account. However, you don't have to complicate this. If you like the investment options in your employer's 401(k), up your contributions to 15% and be done. Social media is filled with influencers and financial 'gurus' who are trying to sell you on different products or services. Getting richer requires you to avoid these trendy scams. For example, an influencer might sell a guide on how to get rich. This isn't a necessary purchase. All the information you need to build wealth can be found online for free. Don't try to get rich quickly. Instead, focus on tried and trusted strategies, like consistent contributions to the stock market. More From GOBankingRates 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years How Much Money Is Needed To Be Considered Middle Class in Every State? This article originally appeared on Dave Ramsey's Top 6 Tips for Getting Richer Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
