Save for Healthcare

Save for Healthcare

We know that medical care and medical insurance are expensive, and that you want value for your healthcare dollars. We can help with that.

Save with an HSA

Your HSA can continue to grow year after year if you don’t use all the money saved in it. And you own the account, so it can go with you if you change health plans or employers.

High Deductible Health Plans (HDHP), in conjunction with Health Savings Accounts (HSAs), are an affordable option. HSAs are a special account where you can save money from your paycheck—before taxes—to pay for your deductible or other eligible out-of-pocket medical, dental, and vision costs.

In today’s health insurance environment, this combination is a smart way to get the medical coverage you need and pay for it in a cost-effective way. Because the medical plans have a high deductible, the monthly premiums are lower than they otherwise would be. But the savings don’t stop there.

The HSA “Triple Tax Advantage”

  • Depositing money into an HSA, whether through payroll deduction or direct deposits into the account, gives you a tax deduction
  • HSA earnings build tax free, so until you withdraw dollars from the account, you don’t need to list it as income on tax returns
  • HSA holders can make tax-free withdrawals for qualified medical expenses

HSA Myths and Misconceptions

HSA Myths and Misconceptions

An interview with Steve Christenson, EVP at Ascensus
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HSA Myths and Misconceptions