Health care has the biggest impact on employee satisfaction with benefits packages, according to a new study by Glassdoor Economic Research. Make the most of your employer-provided health insurance plans.
If your employer has a high deductible health care plan, contribute to the Health Savings Account or HSA that generally comes with it. You can put away up to $3,350 for individuals or $6,750 for a family each year and the money you contribute is pretax dollars.
Funds in the account can be used for health costs. Anything left over usually can be rolled over to the next year.
Another option that gives you a tax break and helps you save for health care expenses is a Flexible Spending Account or FSA. Money also goes in pretax and you can save up to $2,550 for an individual. For a family, the limit is $5,000. (One caveat: you generally can't contribute to both an HSA and FSA in the same calendar year. Another: You can't carry over unspent FSA contributions.)
Making contributions with each paycheck will not only help you budget and save, it will also lower your tax bill dollar-for-dollar.