Having
a Health Savings Account enables you to put up to $5,800
into a special account each year to cover future medical
expenses. The contribution is 100% tax deductible,
and the money grows tax-deferred like an IRA. At
any time you can make tax-free withdrawals to cover qualified
medical expenses, including dental, eyeglasses, alternative
care, and over-the-counter medication.
Most
individuals will save a good bit of money by having an
HSA. To be eligible to open an HSA, you must have
a qualifying high-deductible health plan. Instant
quotes are available through HSA
for America, the nation's leading agency
for individual and family HSA plans.
