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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What You Need to Know About Credit and Debit Card Billing Issues | October 2018 |
Savings Are Great for Short-Term Goals Too | September 2018 |
Finance 101 | August 2018 |
Health Savings Accounts |