Health Savings accounts are a great way to save for Health Care expenses and take advantage of tax savings! A Health Savings Account is a trust or custodial account you use to pay qualified medical expenses incurred by the HSA Owner, HSA owner’s spouse and dependents. Contributions are tax deductible, earnings grow tax deferred, and if used for qualified medical expenses, distributions are tax free.

• HSAs may be used to pay for current medical expenses or save for later to cover future medical expenses.
• HSAs may be used as a retirement planning tool to cover medical expenses and premiums during retirement.
• HSAs are not use it or lose it accounts, HSA funds remain in the account from year-to-year.
• HSA funds belong to you, even if you change employers, change health insurance or enroll in Medicare