Insurance Tips from Buckeye Benefit Consulting
HSA funds are tax decutible the year you put them in and they are tax free when you spend them on qualified medical expenses, even if those qualified expenses are not covered by your medical plan. This could include but is not limited to dental work, eyeglasses, braces, LASIK or other eye surgery, orthotic inserts, and many other things. There is no other type of money available to you that is tax deductible when you save it AND not taxed when you spend it!Visit the IRS website for a complete list of authorized and unauthorized purchases.
Contact us today for a list of banks and credit unions that offer free accounts for your HSA funds. 614-655-5635 or email@example.com