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An HSA is one of the most affordable types of health insurance plans available to individuals and families.
Typically, you pay premiums to the insurance company (a high-deductible health plan) and you can make optional deposits into your side account (The HSA). The savings portion should be used to pay for qualified medical, dental and vision expenses, so you can take advantage of the tax deduction.
Shopping for the best options through an experienced broker will save time and money. And maybe aggravation too!
To simplify the answer yes. A Health Savings Account is used to pay health insurance premiums, medical expenses, and any other expense incurred medically. dont confuse with Flexible Spending Account where if you dont use the money you lose the money in the account.
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Typically, you pay premiums to the insurance company (a high-deductible health plan) and you can make optional deposits into your side account (The HSA). The savings portion should be used to pay for qualified medical, dental and vision expenses, so you can take advantage of the tax deduction.
Shopping for the best options through an experienced broker will save time and money. And maybe aggravation too!