Health Savings Accounts
Health Savings Accounts (HSAs) are tax-friendly savings accounts that allow you to build a fund for future medical expenses that insurance may not cover. The best part is, the account is all yours and any unused funds may be used to supplement your retirement savings. HSAs allow you to get the advantage of tax-breaks and increased savings because any money accumulated in your account can be used to cover expensive qualified medical expenses (such as the deductible on your health plan).
If you are under 65 and covered by a qualified High Deductible Health Plan (HDHP) and not another health insurance carrier or Medicare, or claimed as a dependent by another person, you may be eligible to open an account. Sign up today and start saving!
- Tax-deductible Contributions
- Tax-free Withdrawals
- Account Portability
- A Flexible Contribution Schedule
- Overall Savings