How to use your HSA
How to Enroll
You can contribute straight from your paycheck to your HSA—tax-free. HSAs also grow tax-free, so investing is a prime way to maximize your HSA funds. A family HSA’s annual tax savings potential is $1,550, and an individual’s is $770. On top of excellent tax benefits, HSA funds roll over annually and remain in your possession even after a job change. Start saving today.
How to Use Your HSA
Taking Advantage of your HSA:
- Contribute what you would have spent on a high premium to your HSA.
- HSA members don’t pay co-pays.
- HSA funds can pay for prescriptions.
- HSAs cover approved medical expenses tax-free. These even include items such as bandages and vitamins. “Pro-tip: Type ‘HSA’ into your Amazon search box to see a variety of HSA-eligible products.”
- Invest your HSA funds and let them grow tax-free.
How to Use Your HSA
Make the most of your HSA:
- Your employer can contribute to your HSA.
- You can change your HSA contribution amount at any time.
- HSAs do not require a minimum distribution.
- Even if you used a non-HSA card on a medical expense, you can still receive a tax-free reimbursement down the road.
- Your HSA can transfer to your spouse after you pass without tax implications.
How to HSA
How to Enroll
You can contribute straight from your paycheck to your HSA—tax-free. HSAs also grow tax-free, so investing is a prime way to maximize your HSA funds. A family HSA’s annual tax savings potential is $1,550, and an individual’s is $770. On top of excellent tax benefits, HSA funds roll over annually and remain in your possession even after a job change. Start saving today.
How to Use Your HSA
Taking Advantage of your HSA:
- Contribute what you would have spent on a high premium to your HSA.
- HSA members don’t pay co-pays.
- HSA funds can pay for prescriptions.
- HSAs cover approved medical expenses tax-free. These even include items such as bandages and vitamins. “Pro-tip: Type ‘HSA’ into your Amazon search box to see a variety of HSA-eligible products.”
- Invest your HSA funds and let them grow tax-free.
How to Use Your HSA
Make the most of your HSA:
- Your employer can contribute to your HSA.
- You can change your HSA contribution amount at any time.
- HSAs do not require a minimum distribution.
- Even if you used a non-HSA card on a medical expense, you can still receive a tax-free reimbursement down the road.
- Your HSA can transfer to your spouse after you pass without tax implications.
Harnessing HSA Funds for Retirement
The mere thought of retirement might make one break into a cold sweat, especially when juggling student loans and rent that could rival a mortgage. However, there’s a nifty financial tool that doesn’t receive enough credit: Health Savings Accounts (HSAs).
Preparing for the School Year Ahead
It’s that bittersweet time of year when summer ends and school begins. And whether it’s more bitter or more sweet for you, there’s one thing that is certain—it’s time to prepare for the school year ahead.
HSA Myths Debunked
There are several misconceptions about HSAs, which can lead to underutilization of this amazing savings tool. Time to clear the air!