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Individual Plan
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A
Individual Health Savings Account (HSA) Plan
is a savings account that
allows you to set aside funds for health care that is tax-free. In order for you to qualify for a HSA you must have high deductible
health insurance plan.
Roll Over
Different from other benefit plans, an HSA rolls over from year to year, interest bearing and your money can be invested in mutual funds .
Since you own the plan and not your employer, you receive the benefits.
Often a HSA is
referred to as a “medical IRA”.
With the high costs of health care facing individuals today,
an HSA offers a wide range of benefits to you as a customer:
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Affordable Health Insurance
You pay less each month for high-deductible health insurance
Triple Tax Advantages To Your HSA
a. Pre-tax contributions.
b. Tax-exempt interest and investment gains.
c. Tax-free withdrawals for qualified medical expenses
Personal Control
Maintain full control of how your healthcare dollars are used. You may
save or spend, that would be your choice.
Portable
Your account (owned by you) remains in stationary regardless of your
insurance provider or where you work.
Flexibility
You have the flexibility to use these funds for a wide range of eligible
medical expenses not typically covered other healthcare accounts or by lower deductible health insurance plans.
Planning for the Future
Your financial contributions can be directed toward mutual funds or other long-term investments to maximize the value.
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4.25 % APY
Current Interest Rate |
What Is An HSA ?
A Health Savings Account (HSA)
is an account where
funds are placed tax-exempt. When combined with a High Deductible Health Plan (HDHP),
the HSA offers tax advantages along with more affordable health insurance premiums.
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