Author Archive for: Beckham Insurance Group

An HSA, or Health Savings Account, is a specific type of personal savings accounts individuals typically have access to through their workplace’s insurance plans. It’s a savings type that allows you to set tax-free money aside to use as you need it to cover medical and health-related expenses like deductibles, copayments, coinsurance, and much more.

Creating a healthy workplace environment is essential to maintaining positivity and productivity among your employees. There are many different ways you can foster a healthier work environment including investing in standing desks, recognizing your employees’ accomplishments and rewarding them accordingly, providing a clean and comfortable workspace, fostering good communication, and encouraging the all-important work-life balance.

Individuals can spend a lot of money on insurance policies and premiums throughout their lives, so it only makes sense that you would try to recover some of that money in tax deductions where possible. At Beckham Insurance Group, one of the most commonly asked questions we hear is, “Are disability insurance premiums tax deductible?”