A Health Savings Account may be a valuable tool in dealing with mounting medical expenses. Its various features and financial benefits, offer protection against major health care costs, but it is also a potential reservoir of tax-deferred savings if you don’t need the HSA assets for medical expenses. When eligible to have one you can experience the following benefits:
Savings tool with investment earnings
Flexibility to pay current medical expenses or save for future needs
Tax-free distributions, if used properly
Balance carries over from year to year
Remains with you, regardless of change in coverage or employment
Contact one of Customer Service Representatives to learn more about a HSA and how it may benefit you!