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Medical
 
 

Health Savings Accounts (HSAs)

With An HSA Health Plan You Don't Have To Be Sick to Benefit!

  • Reduce your annual cost of insurance by up to 50% or more.

  • Use your HSA funds for dental, orthodontia, vision, chiropractic, alternative care and numerous other IRS Qualified health related items.

  • Gain three tax advantages with your HSA contributions: tax deductibility, tax deferred growth and tax free distributions.

  • Help fund your retirement! Unused HSA funds accumulate tax-deferred and can be withdrawn at age 65 without penalty.

    Finally, Washington residents can combine the tax-favored status of a Health Savings Account with "high-deductible" health insurance for money saving value!

    There are two separate parts to the the program; First there is a High Deductible Health Insurance plan that must meet certain requirements to qualify. Second, there is a Health Savings Account where funds are deposited to pay tax-free for items not covered by the health insurance. 

    Resources:

    HSA Bank - a national leader in Health Savings Accounts

    Internal Revenue Service - Medical & Dental Expenses (Publication 502)


    Back to Individual Medical Home Page

    Individual Dental Home Page

    * The linked document is a PDF file, and you'll need Acrobat Reader to display it. If you don't have that program, you can download it free from Adobe.



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