MEDICARE DOCTOR'S OFFICE HEALTH REFORM HEALTH INSURANCE   ABOUT US HEALTH QUOTE CONTACT US
Medicare
Our qualified agent will answer your Medicare questions.
Health Reform
What Health Reform means to Montana employers and employees…and recommendations as to how you might take advantage of the changes.
Doctor's Office
Local Physician Stan Seagraves M.D., provides insight into some critical situations that you may face.
Health Insurance
Information on Health Savings Accounts (HSA's) as well as Key recommendations for Business Owners and Human Resource Managers.

Health Savings Accounts Information

For more information on HSA's, visit this HSA FACT SHEET.
 

 

HSA Common Questions

 

Can I withdraw money from my HSA for non-medical purposes?

Answer:  Yes (answered hesitantly), but there will be a 20% penalty tax for that withdrawal.

In fact, it is actually a little worse than that:

You will not only have a 20% penalty, but you will also owe taxes on the money withdrawn. This 20% penalty is an increase from 10% and is effective 1/1/11.

Side-note: this increase is a result of the new health care reform.

 

What are Health Savings Accounts (HSA's)?

How do I set up an HSA?

What are qualified medical expenses?

"Can I pay my health insurance premiums from my HSA?"

Can I withdraw money from my HSA for non-medical purposes?

How do employer sponsored HSA medical plans affect employees that are 65 and older?

2 questions asked by a Facebook fan

Is there a time limit?

  

 

  

© 2012 Glidewell Investments & Insurance Group, Inc. All Rights Reserved.

by:  rodli web strategies