Health Savings Accounts for Dummies

Health Savings Accounts are the wave of the future.  Not only will an HSA give you coverage much like a traditional health insurance account, it will also save you money in three major areas. Read more here: HSA for America

1. HSA premiums are on the low end and have avoided large rate hikes seen in other plans.  Save money on your premium. 

2. The money you deposit in an HSA is tax deductible!  The limits for 2012 are $3,100 for individuals or $6,250 for families.  An example: If you're in the 25% tax bracket, you could save $775 in taxes for an individual or $1562.50 for families by putting in the limit for your HSA!  Also, any money you take out of your HSA for medical purposes comes out tax free. 

3. Any money you do not spend on health or dental care and grow with tax-free earnings to build up your savings for retirement.  After your retirement age, an HSA acts as a retirement account.

There are so many advantages to a Health Savings Account that I recommend you contact a rep today.  Here is a great place to get a quote for your HSA account: HSA for America