Health Savings Accounts

Health savings accounts were designed to help individuals save for future qualified medical and health expenses on
a tax-free basis.

Some advantages of HSA’s are:

• Secure – Typically 100% coverage after deductible is met.
• Affordable – Higher deductible equals lower premium.
• Tax Savings – Contributions can be tax deductible.
• Ownership – No “use it or lose it.” The money stays in your account, year after year.
• Savings – Save money in the account for future medical needs.

HSAs may be an affordable way to insure you or your family and provide yourself with three types of tax savings.

1. Tax deductible contributions.
2. Tax-free investment earnings.
3. Tax-free withdrawals for qualified medical expenses.