What are the advantages of a HSA heatlh insurance plan?
• First, you get a relatively inexpensive high deductible health insurance plan and then a tax-deductible savings account to cover qualified medical expenses. • You can deposit as much as $2,850 for individuals or $5,650 for families annually. Annual amounts limits can change per federal guidelines. • Any unused money in your HSA at the end of the year may continue to grow in your account or may be rolled over to other approved investments where they will continue to grow tax-deferred until used or withdrawn.
