Health Saving Accounts

I am sure you’ve heard of Health Savings Accounts, also known as HSA’s. They’re a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses.
By using untaxed dollars in a Health Savings Account to pay for deductibles, copayments, coinsurance, and some other expenses, you can lower your overall health care costs.
An HSA can be used only if you have a High Deductible Health Plan— generally any health plan (including a Marketplace plan) with a deductible of at least $1,350 for an individual or $2,700 for a family. When you view plans in the Marketplace, you can see if they’re "HSA-eligible."
HSA funds roll over year to year if you don't spend them. An HSA may earn interest, which is not taxable. If you’re near retirement, an HSA may make sense because the money can be used to offset costs of medical care after retirement. HSA’s can be a valuable financial tool because of the tax benefits.
If you have any questions call 877-812-0259.