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School Is In Session – How To Take Advantage of Your HSA

Tuesday, October 1, 2019
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School is fully in session! As benefit consultants and advisors to all of our clients, we must help them prepare for the various medical expenses they incur not only in the fall time, but the entire school year, especially with flu season! Combining a strategy of a Health Savings Account (HSA) and budget planning allows you to embark on blocking and tackling the various exams, physicals, medical shots, etc.

Not familiar with an HSA? A Health Savings Account (HSA) is a tax beneficial savings account that can be used in conjunction with a “Qualified High-Deductible Health Plan (QHDHP).” The funds put into an HSA may be used on future, eligible health care expenses without taxation.”

Here are some specific tactics to help your employee base proceed on the right path forward for the 2019-2020 school year!

 

Material posted on this website is for informational purposes only and does not constitute a legal opinion or medical advice. Contact your legal representative or medical professional for information specific to your legal or medical needs.

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