HSA
advantages for consumers include: |
| • |
Tax-deductible
contributions |
| • |
HSA
account interest is tax-deferred |
| • |
HSA
withdrawals can be used to pay for any qualified medical
expense |
| • |
HSA’s
are portable and owned by the individual; contributions
cannot be taken away |
| • |
Unspent
balances carry over and can accumulate over a lifetime
to be used at retirement to pay for uncovered medical
expenses. (However, consumers may not contribute once
they reach age 65.) |
| • |
HSA’s
may be passed on to a surviving spouse tax free if the
account holder should pass away |
| • |
Stay
healthy, wealthy and wise with health savings accounts |
Advantages for Employers: |
| • |
Reduced
Premiums - You can reduce your insurance premiums substantially
by switching to an HSA-qualified high-deductible health
plan. |
| • |
Tax
savings - Your contributions to the HSA are made with
pre-tax dollars |
