"The Medical IRA" - HSA Accounts
As stated in President Bush's State of the Union Address, Health
savings Accounts passed as part of the Medicare Reform package.
HSA's are tax-free accounts that are paired with high-deductible
health insurance.
HSA's empower patients to have greater control over their health
care decisions.
Tax Advantages of Health Savings Accounts:
- Immediate Tax Savings
(all deposits are 100% deductible)
- Long Term Growth Potential
(the only way to actually "make money" with a healthcare
plan)
- Tax-Free Withdrawals
(For all Medical Expenses covered under their high deductible
plan)
(For many Medical Services NOT covered under their insurance
plan)
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