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March 26, 2008
The Entrust Group Unveils Health Savings Account Product
The Entrust Group, a self-directed retirement account provider has announced the launch of their Health Savings Account product -- The Entrust Self-Directed HSA. Like other HSA products, the Entrust Self-Directed HSA can be used to pay for current or future qualified medical expenses, when combined with a high deductible health care plan. In addition, since the funds in the account can be self-directed, the account holder may invest their savings into many types of non-traditional assets, including real estate, notes, mortgages, private placements and more.
"A self-directed HSA allows the account holder a larger choice of investments," said Hubert Bromma, founder of The Entrust Group.
"The great thing about the Entrust Self-Directed HSA is that the account holder can invest the funds in the manner in which they choose, and potentially earn more with the funds in this health care account. The process is easier than most people imagine."
With the Entrust Self-Directed HSA, account holders can:
-- Fund the account with pre-tax dollars,
-- Take distributions for qualified medical expenses on a tax-exempt basis
-- Direct the funds into investments that the account holder chooses and
-- Generate investment growth that is tax-deferred
"This product is a natural fit for us," said Bromma. "It enables us to help ease the concerns of our clients as they relate to health care costs in retirement. Most people probably will shoulder the majority of their healthcare costs during retirement, and this product is set up to help people save for both current and future healthcare costs."
Posted by Wiley Long at March 26, 2008 10:14 AM