In 2008, one out of every ten patients consumed 63.6% of total health care expenditures. The other nine would benefit from a Health Savings Accounts (HSA). An HSA is one of many accounts used in comprehensive wealth management for tax optimization and planning.
An HSA is a tax-free savings account both for contributions and withdrawals, but the money can only be used for qualified health-care-related expenses. Examples of qualified expenses are numerous and include dental treatment, eyeglasses, contact lens, out-of-pocket expenses, and prescription medicine. Like any other bank account, HSAs come complete with debit cards and/or checks.
To qualify …Read More