For more
information on HSA's, visit this
HSA FACT SHEET.
HSA Common Questions
What are Health Savings Accounts (HSA's)?
An HSA is a special bank savings account owned by
the insured person where contributions can be made
that are tax deductible. These contributions are
used to pay for current and future medical expenses.
You are not taxed on deposits made into these
accounts nor the interest they earn as long as
withdrawals are for qualified medical expenses. An
individual can deposit up to $3050 per year or if
you have family members on the insurance policy, you
can contribute up to $6,150 per year.