A survivor or their dependent may be dealing with a lingering health concern. We understand the complexity and stress of navigating the treatment and insurance processes.
If you aren't contributing at least the amount you spend on health care, you essentially leave money on the table for the IRS. At the very least, deposit funds into your HSA before you pay a bill and gain the tax benefits of the HSA deposits.
While managing a chronic condition, you likely have significant prescription needs. With an HSA-powered plan, any funds used for these prescriptions count toward your medical deductible. This is usually not the case with a traditional plan, which typically has a separate prescription plan and deductible.
HSA-qualified plans cost less than traditional health plans. The savings you enjoy can be used to fund your HSA, tax-free*.
*Note regarding tax-free statements:
HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-free with very few exceptions. Please consult a tax advisor regarding your state's specific rules.
Shopper
Shoppers frequently utilize medical care and reach their health plan deductible.
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Saver
Savers seek opportunities to reduce their tax liability and maximize earning potential.
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Minimalist
Minimalists are most likely able to enjoy a healthy life, with little medical expenses.
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If you aren't contributing at least the amount you spend on health care, you essentially leave money on the table for the government. At the very least, deposit funds into your HSA before you pay a bill and gain the tax benefits of the HSA deposits.
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