A Health Savings Account is used together with a high deductible health plan as an alternative to traditional health care plans. It is a tax-sheltered savings account similar to an IRA, but designated specifically for medical expenses. The balance not used from the account each year stays in the account and continues to earn dividends on a tax-favored basis to supplement health care expenses or your retirement, similar to an IRA.
- Earns Dividends
- Unlimited Transactions for your Medical Expenses
- No Monthly Administrative or Service Fees
- Potential Tax Benefits*
- VISA Debit Card