California Health Insurance

2. Why should I get an HSA?

You can save money in the short and long term by:

  • Deducting 100% of your HSA contributions from your taxable income
  • Having the money in your HSA accrue interest and/or gains on a tax-free basis
  • Paying no penalties or taxes when you use your HSA to pay for qualified medical expenses
  • Having a high-deductible HSA-eligible health insurance plan, which typically has a lower premium than a plan with a lower deductible

< 1. What is an HSA? | 3. What are qualified medical expenses? >

More HSA (Health Savings Accounts) information:

  1. What is an HSA?
  2. Why should I get an HSA?
  3. What are qualified medical expenses?
  4. What insurance plans are HSA-eligible?
  5. How much can I contribute to my HSA?
  6. Is my money safe?
  7. How do I use the funds in my HSA?
  8. How do the tax savings work?
  9. How can I get an HSA?

 


Here at Santa Barbara Health Insurance Services we know that no web site can substitute for courteous service from an experienced professional. Our staff is always happy to help with your California health insurance, California dental insurance, or term life insurance needs. Feel free to call us any time at (800) 765-1540.