Health Savings Accounts offer advantages that both employers and individuals will appreciate.
HSA advantages for consumers include:
HSA account interest is tax-deferred
HSA withdrawals can be used to pay for any qualified medical expense
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 account
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
