#1
June 4th, 2016, 12:31 PM
| |||
| |||
HSA Account Bank Of America
Hello sir, I am John. I want you to help me by giving me some information about the Health saving account (HSA) of Bank of America. Can you give me some details about it?
|
#2
June 4th, 2016, 12:32 PM
| |||
| |||
Re: HSA Account Bank Of America
As you have asked about the Health saving account (HSA) of Bank of America, I am giving you information about it, check below for the details A Health Savings Account (HSA) is a type of personal savings account that helps those with qualified high-deductible health plans (HDHPs) save money on many out-of-pocket medical expenses like doctor visits, vision and dental care, and prescriptions. Benefits: Save it. Use it. Never lose it. Triple Tax Advantage An HSA offers unique tax advantages that help you keep more of your hard-earned money by providing the potential for: Pretax contributions: Contributions to your HSA can be made with pretax dollars which means every dollar you contribute is a dollar saved Tax-free gains: Any gains on the money in your HSA are tax-free so you keep 100% of any money your HSA savings or investments earn, boosting the amount of money you have to cover your out-of-pocket medical costs. Tax-free withdrawals: You won't pay taxes on money you withdraw for qualified medical expenses HSA for Life Your HSA belongs to you, so you can use the money in your account to pay for qualified health care expenses throughout your life—including retirement You may be eligible for an HSA if you’re covered by a qualified high-deductible health plan (HDHP). |
|