hsa: Why you should consider a Health Savings Account (HSA)
- 03/09/08 02:51 PM
A Health Savings Account (HSA) is an account that you can put money into to save for future medical expenses. There are a number of advantages to funding these accounts, including;Lower medical premiums: As HSA accounts have a higher deductible, you should be able to reduce your premium costs.Tax savings: An HSA provides three tax advantages. 1) tax deductions when you contribute to tyhe account 2) tax free accumulations through investments 3) tax free withdrawls for qualified medical expenses.You maintain control: 1) how much money you deposit into the account 2) choose to pay for current or future medical expenses 3) … (4 comments)
hsa: Health Savings Accounts - What you can / can't use the money for
- 02/07/08 05:37 PM
Health Savings Accounts (HSA) are on the rise again. More companies are also allowing their employees to participate in HSA's. To understand HSA's and how they work, we recommend reviewing that information online. The purpose of this article is to explain what you can do with the money in your Health Savings Account..You can make a contribution into your HSA each year that you are eligible. For 2008, you can contribute up to $2900 for single coverage and $5800 if you elect family coverage.Individuals over age 55 can make an additional contribution of $900. These amounts are adjusted annually for inflation.Your … (1 comments)
The Insurance Insider helps you locate affordable insurance by understanding what you are buying without any sales jibber.
We share tips and tricks that your agent may not even know. Shop, compare prices and benefit features, or apply online directly with an insurance company without ever meeting an agent again.
A Health Savings Account (HSA) is an account that you can put money into to save for future medical expenses. There are a number of advantages to funding these accounts, including;Lower medical premiums: As HSA accounts have a higher deductible, you should be able to reduce your premium costs.Tax savings: An HSA provides three tax advantages. 1) tax deductions when you contribute to tyhe account 2) tax free accumulations through investments 3) tax free withdrawls for qualified medical expenses.You maintain control: 1) how much money you deposit into the account 2) choose to pay for current or future medical expenses 3) … (4 comments)
;)
;)
