|
FDIC CONSUMER NEWS | SEPTEMBER 4, 2024 |
|
FDIC CONSUMER NEWS - SEPTEMBER 2024 EDITION
 HEALTH SAVINGS ACCOUNTS
Exploring their healthy benefits
If you are enrolled in only one health insurance plan and it has a high deductible, you are probably eligible to open a Health Savings Account (HSA). An HSA is a type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. The deductible is the dollar amount you have to pay before your insurance starts picking up certain costs. By using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other qualified medical expenses, you may be able to lower your out-of-pocket health care costs. HSA funds generally may not be used to pay premiums.
|
|
The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. |
|
|
|
