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In November, Self magazine said "If your health insurance deductible tops $1000, consider a health savings account. Like a flexible-spending account, an HSA lets you save pretax dollars for medical expenses. But with an HSA, you can use leftover cash for the next year (and earn tax-free interest). Sixty percent of large companies hope to offer this benefit".

Health Savings Accounts or HSAs

An HSA is a combination of a two parts: a Health Savings Account and a qualified high deductible health plan.

The HSA is similar to a regular savings account; money is deposited as the account holder wishes. However, it differs in that contributions can be tax-deducted. The money may be taken out for anything related to health completely tax free. Money left over in the account rolls over from year to year and belongs to the account holder.

Eligible expenses include but are not limited to:

The second part of an HSA, a high deductible health plan, is designed to handle the larger losses. Today there are 8 different HSA qualified plans available and we will steer you to the best plan for you, at no cost to you.