Injured PiggyBank Med

By: Harris Financial Advisors | On: September 12, 2017 | Category: Insurance, Long Term Planning | Tags: HSA, retirement, tax, Tax Advantage

4 Reasons an HSA Can Be Good for Your Financial Health

If you haven’t heard of health savings accounts, or HSAs, now is a great time to learn. An HSA allows for tax‐advantaged savings that can be used to pay for medical expenses now or in the future. In order to qualify for an HSA, you must be enrolled in a high‐deductible health insurance plan. High deductible insurance plans offer low premiums in exchange for the insured person or family taking on high deductibles.