 |
|
|
|
|
|
|
Health Savings Account (HSA)  You, your employer, or both can deposit tax-free money into an HSA. Best of all, unused funds roll over year to year! NOTE: A high deductible health plan and an HSA are two separate entities. You can have a HDHP and choose not to pair it with an HSA. However, in order to have an HSA you must have a HDHP. HSA Benefits Lower taxes - contributions to your account and the interest it earns are tax-deductible. Freedom of choice - the funds belong to you, so if you leave your current plan or employer, your HSA follows you and is still available for use Long-term growth potential - unused money rolls over year to year and earns tax-free interest. It also gives you an investment opportunity. Convenience - money can easily be withdrawn by check or debit card to pay for qualified medical expenses. Additional cash at retirement - when you reach age 65, any money in your account is available to you to spend as you choose, subject to normal taxes. Learn more about HSAs:
Video explaining HSAs  PDF File |
|||
|
|
|
|
|
 |
|
|