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HSA (Health Savings Accounts)

A Health Savings Account (HSA) is a tax-advantaged acount that can be established by eligible individuals covered under a high deductible health plan to save and pay for qualified medical expenses.

Contributions made by individuals or employers are fully tax-deductible, earnings are tax-deferred and distributions used to pay for qualified medical expenses are tax-free.

What are the benefits of an HSA?

  • HSA contributions - by employee or employer - are excluded from income.
  • HSA earnings are tax-deferred.
  • HSA dollars are never taxed if used for Qualified Medical Expenses

Need more information about HSAs?

Whether you are an employer or an individual, we can help you get answers to your questions concerning HSAs.

 
 
 
 
 
 

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