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Health Savings Accounts (HSA) |
he Health Savings Account (HSA) was created by Congress to provide a tax-benefited savings account for future medical expenses. Certain high-deductible health insurance plans are considered "HSA-compatible" and allow you to open up one of these accounts. In many ways, HSAs are similar to IRAs - money contributed is a year-end write-off, interest grows tax-free and at age 65 money that has accumulated can be withdrawn for any reason simply by paying a tax.
HSAs are a key component to WellnessMart's philosophy on health insurance because they allow you to save some of the money you save on premiums and use it - tax-free - on the services that you need.
We work with American Health Value, an industry leader in health savings account administration. |
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