Health Savings Accounts (HSA) are a great way to control the cost of your healthcare expenses. HSAs are tax-deductible savings accounts used in conjunction with high-deductible health plans. You can use your HSA savings to pay for qualified medical expenses with no taxes or penalties.
An HSA is also “portable,” so it stays with you even if you change jobs, become unemployed, or retire. There is no “use it or lose it” rule, and any money you keep in the account earns interest. It’s a great way to build up tax-free savings for healthcare-related expenses during retirement.
Request a free quote and let our licensed benefit advisors find an HSA plan for you!