Ever wonder how an Hsa account can benefit you. Usually an Hsa Account can benefit you in more than 1 way. Here is a list of things you can take advantage of.

1) Lower Monthly Premiums. Premiums generally are about 30% lower than normal premiums

2) Reduce your federal income taxes.  Regardless of how your income was earned, any money you deposit into your Health Savings Account is considered an "above-the-line" deduction, giving you a 100% write-off against adjusted gross income.

3)Tax-deferred growth. Like funds in an IRA, the money in your account grows free from federal taxes.  You do have to pay taxes if the money is withdrawn for non-medical expenses, but there is no penalty if you are over 65 years old.

4)Pay for dental expenses with pre-tax dollars.  Dental expenses from checkups and cleanings, to braces, to toothpaste, can all be paid for with pre-tax dollars from your HSA account.  You may even purchase prepaid dental plans with funds from your HSA account.  


5) Pay for vision care with pre-tax dollars.  You can use HSA funds to pay for checkups, glasses, contact lenses, prescription sunglasses, cleaning fluids, and other expenses related to your eye care.]

6) Rate Guarantee. You can get a better rate guarantee up to 36 months with a higher deductible.

A Health Savings Account (HSA) enables anyone with a qualifying high-deductible health insurance plan to shelter up to $5,450 from federal income taxes.  By reducing your adjustable gross income, enabling you to pay for medical expenses with pre-tax income, and through tax-deferred growth, HSAs can reduce your income taxes.

Any Questions or for a rate quote in Georgia, Mississippi, Texas, And Ohio Please contact Rocco Solorzano

770-375-7552

usa bg logo

 
Posted by Rocco Solorzano on 04/15/2008 07:57 AM   Comments (2)  
Generate short URL
Post is included in group: Keller Williams 'Rainers

2 Comments on HSA Accounts and You

APR
15
2008
554,438 Points 9 Featured Posts Localism Sponsor Hit Router Attended Rain Camp Called Shot Master
I have an HSA account and can only shelter about $2,900 (varies from year to year).
8:01am • #1
Good post.
8:03am • #2


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Roccoprofile

Rocco Solorzano

Canton, GA

More about me…

Policy Online

Address: Atlanta , Ga, 30339

Office Phone: (877) 862-0060 x 101

Cell Phone: (770) 375-7552

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find GA real estate agents and Canton real estate on ActiveRain.