Your Guide to Health Savings Account (HSA) Advantages
Health savings accounts can not only cover health care costs but also serve as a powerful tool for retirement planning.
As health insurance costs have continued to increase, more individuals and employers have shifted from co-pay health care plans to lower-premium, high-deductible health plans (HDHP).
Many of these plans have the advantage of allowing participants to offset the higher deductible cost with the ability to utilize a health savings account (HSA) for pre-tax or tax-deductible contributions and tax-free withdrawals for qualified medical expenses.
While the popularity of HSAs continues to grow, many participants are not utilizing the accounts to their fullest extent.
Copyright © 2024 Brighton Jones. All rights reserved.
Disclosure Information | Form CRS & ADV | Privacy Notice | Sitemap | Contact Us