Health Savings Accounts
Health savings accounts are triple tax-advantaged accounts that can help you save for out-of-pocket health-care costs throughout your life. Your contributions are tax-deductible (or pre-tax if through your employer), the money grows tax-deferred, and you can use it tax-free for eligible expenses at any time. To make contributions, you must have an HSA-eligible health insurance policy.
Navigating Open Enrollment: Six Steps for Choosing the Right Health Insurance Plan
Meta Description Although healthcare insurance can be complex, asking the right questions, planning ahead of open enrollment and working with a CERTIFIED FINANCIAL PLANNER® professional can eliminate some of the guesswork.
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Healthcare planning is an essential part of financial planning, but it is also a topic many of us tune out. If you're ready to take control of your healthcare expenses and secure your financial future, one tool you may want to consider is the Health Savings Account (HSA).
When you were a child, your parents took care of your healthcare needs — from scheduling doctor appointments to filling your prescriptions. Now that you’re grown, the roles may reverse, and you may need to take control of your parents’ medical expenses.
One way to reduce your annual income tax liability — and save for future health care costs — is by participating in a Health Savings Account (HSA). A Health Savings Account is a triple tax-advantaged account that works as a personal savings account to be used for qualified health care expenses throughout your life.
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38% of HSA account holders have no idea the funds in the account can carry a triple tax benefit if used appropriately. Learn how HSAs can work for you.