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August 02, 2010
Health Savings Accounts Work like Checking Accounts
If you’re worried that any savings account that lets you earn tax-free interest while making healthcare expenses tax-deductible has got to have a lot of complicated rules, here's what you need to know.
Health Savings Accounts are so popular because they are user-friendly and they don't nickel-and-dime you with add-ons. Some accounts include free starter checks, free Internet access for ACH electronic transfers and free debit cards. You don’t even have to maintain a minimum balance.
A Health Savings Account (HSA) can help you reduce your taxable income, and still give you tax-free interest like an IRA. Unlike flexible spending accounts where you lose all funds not used by yearend, your HSA funds just roll over from year to year to keep growing faster than most savings accounts with tax-free interest.
At HSA for America, you can learn more about the best way to get started with their convenient online HSA How To Guide. Their experienced Personal Advisors are also available at no cost to answer your questions. Just call HSA for America at 866 749-2039 and they'll be happy to set up a convenient time to discuss your questions.
Posted by Wiley Long at August 2, 2010 10:34 PM