You might remember that the state of California instituted its own individual mandate penalty. Beginning in 2020, California citizens who failed to enroll in a healthcare plan will face a…

Your healthcare plan affects numerous areas of your life. Not only does it set forth the parameters for your medical care; it also deeply impacts your budget. So when Open…

Tax-advantaged accounts such as health reimbursement arrangement (HRA) and health savings account (HSA) are designed to help account owners manage healthcare expenses in a tax-friendly way. But because inflation, incomes,…

So many unexpected things can happen in life, and due to the very nature of being unexpected, we often aren’t prepared for them. That’s why it’s so important to plan…

Medical expenses can hit anyone’s budget hard, and can be especially impactful to retirees. The good news is that, yes, you can claim a deduction for unreimbursed medical expenses on…