Sometimes, as life gets hectic, our health becomes our last priority when it should really be our first. Take your health off the backburner by investing in an HSA. Funds contributed to an HSA can be used to pay all eligible medical related expenses that are not covered by your Health Insurance Plan.
Earn tiered interest on your balance, and get special tax advantages¹ — all while ensuring you have the funds to take care of yourself should a health emergency occur.
Most adults under 65 who are not enrolled in Medicare and are covered under a high-deductible health plan (HDHP) can qualify for an HSA, but it is up to the account holders to determine their own eligibility. Please contact your tax advisor for further eligibility requirements.
¹Consult a tax advisor.
²You can withdraw funds at any time for any purpose. However, if funds are withdrawn for reasons other than qualified medical expenses, the amount withdrawn will be included as taxable income, and is subject to a 10% penalty.