September 2024
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Health Savings Accounts
If you are enrolled in only one health insurance plan and it has a high deductible, you are probably eligible to open a Health Savings Account (HSA). An HSA is a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. The deductible is the dollar amount you have to pay before your insurance starts picking up certain costs. By using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other qualified medical expenses, you may be able to lower your out-of-pocket health care costs. HSA funds generally may not be used to pay premiums
Article | Publication Date Sort ascending |
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COVID-19 One Year Later | March 2021 |
Getting Beyond the Tough Times | February 2021 |
Difficulties Making Your Mortgage Payments? | January 2021 |
Start the New Year in the Know | January 2021 |
How to Find a Long Lost Bank Account or Safe Deposit Box | December 2020 |
Banking With Apps | November 2020 |
Beware, It’s a Scam! | October 2020 |
Teaching Children About Money Now, Pays Dividends Later | September 2020 |
Prepare Your Finances to Weather the Storm | August 2020 |
Working Through Financial Difficulty | July 2020 |