Smart ways to save for healthcare.
The no-brainer approach to saving.
Consumer Driven Health Plans (CDHP) with Health Savings Accounts (HSAs) are health plans with a tax-favored savings account created for the purpose of paying medical expenses. An HSA works in conjunction with high deductible health insurance.
Your HSA dollars can be used to help pay the health insurance deductible and any qualified medical expenses, including those not covered by the health insurance, like dental and vision care.
How HSAs work
Your money is never taxed.
It’s your money.
It’s yours until you spend it.
Save for retirement.
At 65, withdraw your HSA dollars for other expenses.
Use it for family.
Pay for the medical expenses of anyone you claim on taxes.